We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Safe to change phone contracts?

Options
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
«1

Comments

  • steve866
    steve866 Posts: 542 Forumite
    Fourth Anniversary 500 Posts Name Dropper
    Why risk it for 2 weeks?
  • TheJP
    TheJP Posts: 1,951 Forumite
    1,000 Posts Third Anniversary Name Dropper
    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
    Edi81 Posts: 1,499 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The general view is no new credit applications. For the sake of 2 weeks I would leave it. 
  • 1616six
    1616six Posts: 173 Forumite
    100 Posts First Anniversary Name Dropper
    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
    1616six Posts: 173 Forumite
    100 Posts First Anniversary Name Dropper
    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
    TheJP Posts: 1,951 Forumite
    1,000 Posts Third Anniversary Name Dropper
    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
    london21 Posts: 2,141 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Should not have any effect, but maybe wait till completion. 
  • 1616six
    1616six Posts: 173 Forumite
    100 Posts First Anniversary Name Dropper
    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
    fewcloudy Posts: 617 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    edited 28 November 2022 at 10:57AM
    Feb 2008, 20year lifetime tracker with "Sproggit and Sylvester"... 0.14% + base for 2 years, then 0.99% + base for life of mortgage...base was 5.5% in 2008...but not for long. Credit to my mortgage broker
  • 1616six
    1616six Posts: 173 Forumite
    100 Posts First Anniversary Name Dropper
    fewcloudy said:
    Exactly why I queried it! Scary isn’t it. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.