Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • latte19
    • By latte19 16th May 19, 6:54 PM
    • 27Posts
    • 2Thanks
    Credit union a/c affect mortgage offer?
    • #1
    • 16th May 19, 6:54 PM
    Credit union a/c affect mortgage offer? 16th May 19 at 6:54 PM
    So today I received my long awaited mortgage offer.

    I was thinking of moving my deposit savings into a credit union account for 2 reasons:
    1. Keep it safe and out of the way of my normal everyday account
    2. Be able to then take out a loan after I move into the house for decorating (and some for stamp duty - shush!)

    Will opening a credit union account affect my mortgage offer even tho it will just be used as a savings account initially?

    Will I be eligible for a loan even though I havenít saved up I will just be depositing a big lump?

    Thanks for any advice.
Page 1
    • latte19
    • By latte19 16th May 19, 8:38 PM
    • 27 Posts
    • 2 Thanks
    • #2
    • 16th May 19, 8:38 PM
    • #2
    • 16th May 19, 8:38 PM
    Also for their life insurance cover
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,619Posts Today

4,913Users online

Martin's Twitter
  • Mini MSE is on half term next week, so I'm excited to be taking the week off to be daddy. As normal I'm signing of?

  • I once blurted out on @gmb "Theresa May hasn't been given a poisoned chalice - she's been given a poisoned chalice?

  • It'd be fascinating to know how history will judge Theresa May's premiership. Currently, it is hard to see it as a?

  • Follow Martin