Mortgage application and new bank account

[Aidycake34]

I think I've messed up and I need some advice. Dh and I have just had a mortgage agreed in principal. We don't currently have a joint account. I know that you shouldn't apply for any credit or financing during the mortgage application process and I haven't but I have foolishly applied for a joint account with the mortgage lender. Now I'm afraid that our mortgage application will be rejected. I'm so stupid, I just got a bit over excited and wanted to get everything all set up. Will this affect our mortgage? I think our credit scores are good and our loan to value is about 60% so we have a big deposit. Any advice/reassurance/brutal honestly would be appreciated.

I don't see any problem with it. Last two times I had a mortgage, I was actually required by the lenders - both banks - to open accounts with them as part of the application process. It's not really credit or financing is it ?

As a former mortgage underwriter, I can't see any reason why this would be a problem. Unless the massive drip feed is you're going to use the bank account to launder money?

Mortgages are stressful but try not to worry.

Thanks for your replies. I know it's different from credit etc but I wasn't sure if it would leave a footprint on your credit file and in turn affecting my score. Realistically I suppose that even if it did leave a footprint it's unlikely to knock us into a bad score.

Remember what a potential lender is looking for. They want a picture of your ability to pay - so eg your income, indebtedness, ongoing expenditure and any risk factors. Taking out a new loan could affect that picture but I don't see how opening eg a new bank account would. (Especially if it was with them so therefore giving them more information about you on an ongoing basis. )

If you're anxious, though, why not give your contact a buzz and check?

Like pp said, it was a requirement for us to get a joint account set up prior to the final payout. I doubt you've done anything to jeopardise your mortgage. It's not like you've taken another loan, it's just a bank account! You'll be fine! Don't worry at all.

As others have said should be fine. We took out a mortgage earlier this year and had to open an account with the lender as part of the process.