Safe to change phone contracts?

1616six · 23 November 2022 at 10:34PM

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 · 24 November 2022 at 5:59AM

Why risk it for 2 weeks?

TheJP · 24 November 2022 at 9:27AM

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 · 24 November 2022 at 1:35PM

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

1616six · 24 November 2022 at 1:41PM

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 · 24 November 2022 at 1:42PM

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 · 24 November 2022 at 2:00PM

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