Preparation - current accounts?

andmjones

Hi All

Wow there's a lot of information on here, a great help, thankyou to everyone who's posting with advice, its much appreciated! I do have a question i wonder if anyone can help with.

In a few years i'd like to get a mortgage for a house, ive had a lot of 0% credit card debt that got out of hand and im paying it off before i look to buy. I took a personal loan to consolidate, which im paying off and all my credit cards except Egg Money are now gone (i spend and pay the full balance every month for the 1%). Once the debt is gone i'll be saving for a deposit.

Aside from this, Ive just switched current and savings accounts between banks for much better interest rates, I've been with the old bank for 8 years, is there any benefit to me keeping my accounts open with regards to mortgage application? I'd like to do as much as possible over the next few years to help towards getting a mortgage, any advice anyone?

Thanks in advance

Andrew

dimbo61

kep up the good work and clear your debts first.
cant see any harm in you keeping your old bank account open as they
know your history and may help in mortgage application.
keep any old bank statements, tax forms, p60,s etc
cancel old credit cards you have cleared and check with them that there is no outstanding balance.
check your credit file with the 3 credit agencies only £2 each and go over
it with a fine tooth comb so to speak .
and last but not least SAVE,SAVE and SAVE some more into
ISA,s with barclays paying 6.5%
make sure you are on election role and pay all bills on time
set up DD,s for phone contract,CC bill etc GOOD LUCK

andmjones

Thanks for that, will get busy and home it all works out well