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Credit accounts and mortgage application
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[Deleted User]
Posts: 0 Newbie
Within the next 12-18 months, my partner and I will be looking to get a mortgage together. She's already a homeowner but I'll be a first time applicant.
I'm trying to get my finances etc lined up and sorted well ahead of time so hopefully they don't cause us any issues. Obviously a good credit history is imperative, but will the number of closed but settled with £0 balance be a cause for concern for lenders? In particular bank accounts opened and closed in a short space of time, chasing the switch incentives.
I'm trying to get my finances etc lined up and sorted well ahead of time so hopefully they don't cause us any issues. Obviously a good credit history is imperative, but will the number of closed but settled with £0 balance be a cause for concern for lenders? In particular bank accounts opened and closed in a short space of time, chasing the switch incentives.
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Comments
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It's worth keeping 1 account and switching a secondary account. It's recommended you stop doing switches about 6 months from mortgage application1
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