Switching back up current account before fixed rate mortgage ends


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?


  • Band7Band7 Forumite
    1.7K Posts
    1,000 Posts Name Dropper
    Applying for a Natwest account will leave a hard search on your credit reference files. This will drop off after 12 months from Experian but at least one other (can't remember which now) will keep it for 24. Lenders can see what kind of credit account you applied for.

    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/
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