We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Quick Response Needed
Options

DilbertJones
Posts: 670 Forumite
Hi All moneysavers
I as you may or may not know am buying a house, FTB, Mortgage agreed in principle, House offer accepted, solicitors sorting out there legal jargon as we speak.
I am still waiting for my final mortgage offer, even though verbally they have said it is coming, pending I presume the survey.
I want to open a A&L Bank account to take advantage of there offer, so me & my Girlfriend should be able to claim £125 or £150 for free, which will be fantastic for the new house.
Question is, will the searches affect my credit rating? I have only just got a new credit card this week, I am a bit worried that combined with the mortgage, & a new Bank account a flag may be raised which could jeopordise the mortgage.
Any Advice???
I as you may or may not know am buying a house, FTB, Mortgage agreed in principle, House offer accepted, solicitors sorting out there legal jargon as we speak.
I am still waiting for my final mortgage offer, even though verbally they have said it is coming, pending I presume the survey.
I want to open a A&L Bank account to take advantage of there offer, so me & my Girlfriend should be able to claim £125 or £150 for free, which will be fantastic for the new house.
Question is, will the searches affect my credit rating? I have only just got a new credit card this week, I am a bit worried that combined with the mortgage, & a new Bank account a flag may be raised which could jeopordise the mortgage.
Any Advice???
0
Comments
-
I doubt very much that this type of search would jeopordise your mortgage, as it is not that you are applying for a credit facility as such (apart from an overdraft possibly). Therefore, even though it could be seen, I doubt the lender would be alarmed.
My clients have done this throughout the years but it never caused a problem.
However, it would be worthwile to run it by your Lender and they could confirm this.
I know that Lenders can do a new search at the time that the offer is authorised.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
could i contact my lender direct??
I have so far gone through a IFA0 -
I can't see any reason why you can't contact them directly after all it's them who are providing you with the money not the IFA...
I take it you got a better deal through the IFA than you did by going direct or did you not a get a choice?
SimonIf at first you don't succeed... CHEAT...0 -
got a much better deal through my IFA, he pulled some strings.
they offered me £65k but after talking to them it was raised to £75K :j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards