Credit rating/mortgage 30 May 2022 at 6:47PM in Credit file & ratings 4 replies 173 views

debster39

I’m looking to buy my first home I currently have my savings in a isa but am thinking about opening a chase account to benefit from the interest rate on my savings but will opening a new account with a different bank effect my credit rating and therefore have a negative impact on getting a mortgage? 

[Deleted User]

It'll just show as a new account. Nothing that would concern a lender.

It'll make your credit rating with the CRAs drop, but that doesn't matter.

debster39

Thank you for your reply and confirming 😊

K_S

debster39 said:

I’m looking to buy my first home I currently have my savings in a isa but am thinking about opening a chase account to benefit from the interest rate on my savings but will opening a new account with a different bank effect my credit rating and therefore have a negative impact on getting a mortgage? 

@debster39 Opening a Chase account only involves a soft-footprint credit check so should have no adverse impact on your credit history.

debster39

Thank you for confirming 😊