Switching back up current account before fixed rate mortgage ends

7 Posts

Hi
my fixed rate mortgage deals ends 1/1/24. I have a first direct current account which is my main account, and a Monzo current account as a backup. I used it to transfer things like my TopCashback money to. I want to switch the Monzo account to NatWest so I can take advantage of the £200 bonus, but have worries that it may cause issues at the end of the year when I want to look for a new mortgage deal. I have opened a couple of credit accounts recently for buy now pay later deals with curry’s which will be paid off in the next couple of months.
my fixed rate mortgage deals ends 1/1/24. I have a first direct current account which is my main account, and a Monzo current account as a backup. I used it to transfer things like my TopCashback money to. I want to switch the Monzo account to NatWest so I can take advantage of the £200 bonus, but have worries that it may cause issues at the end of the year when I want to look for a new mortgage deal. I have opened a couple of credit accounts recently for buy now pay later deals with curry’s which will be paid off in the next couple of months.
Will I be ok to do the account switch or will it not look good if I go with another mortgage lender?
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Personally, I wouldn't worry about 1 search for a current account. The overall health of your credit reference files is far more important. But it's your decision.
To check all your credit reference files: https://www.moneysavingexpert.com/loans/check-free-credit-report/