Safe to change phone contracts?

1616six

Hi all

Mortgage offer from Santander, offered in August, expires 30th Dec.

Due to complete 8th December 

My mobile phone contract is up and I want to change to a different provider which will of course include a credit check. 

Obviously don’t want to rock the boat so close to completion, am I safe or should I wait until the house purchase is complete? 

I’ve read some providers perform a last minute credit check before releasing funds and I’d never forgive myself if I messed things up by a simple mobile phone contract.

Thanks

steve866

Why risk it for 2 weeks?

TheJP

Sorry sir we wont be able to give you a mortgage because you have changed your phone to O2...

Don't worry about it, the majority of lenders do not run a hard check at completion.

Edi81

The general view is no new credit applications. For the sake of 2 weeks I would leave it. 

1616six

Edi81 said:

The general view is no new credit applications. For the sake of 2 weeks I would leave it. 

This is what I think I ought to do.

There are some cracking deals on with BF this week but I think for the sake of £5-6 a month saving, I’d rather give that up than run the risk of buggering the house purchase up!

1616six

TheJP said:

Sorry sir we wont be able to give you a mortgage because you have changed your phone to O2...

You joke but the issue is if the lender check and see a new credit account opened, potential credit score dropping because of it etc they could well pull the offer.. I think im too worried to do it 😂

TheJP

1616six said:

TheJP said:

Sorry sir we wont be able to give you a mortgage because you have changed your phone to O2...

You joke but the issue is if the lender check and see a new credit account opened, potential credit score dropping because of it etc they could well pull the offer.. I think im too worried to do it 😂

A lender is not going to be too concerned if you change phone providers. If you took out a big fat loan then that's another question. Majority don't do checks passed the application stage

london21

Should not have any effect, but maybe wait till completion. 

1616six

Spoke to our mortgage advisor who said it’s fine and the only check Santander will likely do is a bankruptcy check. 

All done and sorted, gone sim only for £7 a month. Some cracking deals on HUKD if anyones looking!

fewcloudy

Kind of related thread...

https://forums.moneysavingexpert.com/discussion/6406410/mortgage-offer-pulled-3-days-before-completion/p2

1616six

fewcloudy said:

Kind of related thread...

https://forums.moneysavingexpert.com/discussion/6406410/mortgage-offer-pulled-3-days-before-completion/p2

Exactly why I queried it! Scary isn’t it.