Applied for a business loan before completion, would it affect the mortgage offer?

[hanakolondon]

I am deadly concerned and couldn't sleep.
I got a mortgage offer and we are about to exchange the contract just before the completion. My solicitor advised he requested bank to confirm the mortgage fund release and waiting for the written confirmation.

This struck me a situation, I applied for a business loan to refill my winter stock for Christmas season recently. In the end I didn't take out the loan because the interest rate was too high. I didn't think carefully at all it could affect my mortgage offer and the business loan is not related to my house purchasing at all. To be honest I thought all the process with bank has been already cleared.

I googled the similar situation applying for a loan before completion could lead a devastating result. Does anyone had a similar experience?
Would it have an impact even if I didn't take the loan in the end?

Would it be wiser I contact my solicitor and explain the situation and let the bank know the story from my side or just wait for the feedback?

Any reply would be really appreciated.

What's the status of the business? If it's a limited company then it may have no effect. If you're a sole trader it could, but as you didn't actually take the loan you should be okay so long as you get a real human rather than a 'computer says no" bot.

Hi, Thanks for the message.
It is a limited company and I spoke to mortgage adviser in the branch this morning and she thinks it should OK as they normally don't run the credit check at this stage. However we still haven't got the feedback yet from bank and making me worried.