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credit score affecting getting a mortgage!

pepstar
pepstar Posts: 8 Forumite
in Mortgages & endowments
Hi,
I already have one mortgage and recently applied for another one with C&G who turned it down due to my credit score not being good enough. I got my credit report from Experian as I've never been denied credit before and thought I had a good credit score. I saw on here that two payments had been missed to vodaphone by my brother who got a mobile phone contract in my name! This has had a ridiculously big effect on my credit score even though I have never missed any other payments and have another mortgage!I have settled the account with vodaphone but my score still hasn't changed and I can't even reapply for my mortgage with C&G until it has changed. I will end up losing money if I can't resolve this and have come here to see if there is anywhere I can get a mortgage with this credit score problem or if I can explain the situation to C&G and perhaps they will approve it? Any help would be appreciated.

Thanks
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Comments

  • kier333
    kier333 Posts: 318 Forumite
    pepstar wrote: »
    Hi,
    I already have one mortgage and recently applied for another one with C&G who turned it down due to my credit score not being good enough. I got my credit report from Experian as I've never been denied credit before and thought I had a good credit score. I saw on here that two payments had been missed to vodaphone by my brother who got a mobile phone contract in my name! This has had a ridiculously big effect on my credit score even though I have never missed any other payments and have another mortgage!I have settled the account with vodaphone but my score still hasn't changed and I can't even reapply for my mortgage with C&G until it has changed. I will end up losing money if I can't resolve this and have come here to see if there is anywhere I can get a mortgage with this credit score problem or if I can explain the situation to C&G and perhaps they will approve it? Any help would be appreciated.

    Thanks

    I was in a simular situation with a unpaid 02 from an ex girlfriend while applying for my Mortgage with HSBC. I spoke with the underwriter who was happy to proceed providing i cleared the debt and had 02 send me confirmation via email, which the underwriter wanted mail on to him.
  • koexelek
    koexelek Posts: 7,847 Forumite
    pepstar wrote: »
    Hi,
    I already have one mortgage and recently applied for another one with C&G who turned it down due to my credit score not being good enough. I got my credit report from Experian as I've never been denied credit before and thought I had a good credit score. I saw on here that two payments had been missed to vodaphone by my brother who got a mobile phone contract in my name! This has had a ridiculously big effect on my credit score even though I have never missed any other payments and have another mortgage!I have settled the account with vodaphone but my score still hasn't changed and I can't even reapply for my mortgage with C&G until it has changed. I will end up losing money if I can't resolve this and have come here to see if there is anywhere I can get a mortgage with this credit score problem or if I can explain the situation to C&G and perhaps they will approve it? Any help would be appreciated.

    Thanks

    Problem is, C & G are going through applications with a fine toothcomb at the moment to look for reasons NOT to lend.
    They will class you as guilty until proven innocent as far as that phone is concerned.
    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.
  • pepstar
    pepstar Posts: 8 Forumite
    So it's definitely a no or shall I try another lender?
    Thanks
  • kier333
    kier333 Posts: 318 Forumite
    pepstar wrote: »
    So it's definitely a no or shall I try another lender?
    Thanks

    Well HSBC agreed my Mortgage a couple of weeks ago.
  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
    pepstar wrote: »
    I saw on here that two payments had been missed to vodaphone by my brother who got a mobile phone contract in my name!

    How did that happen?
    ...............................I have put my clock back....... Kcolc ym
  • pepstar
    pepstar Posts: 8 Forumite
    look very similar and lived at the same address! He payed all but the last two payments and when I got a final bill through the post I rung vodaphone to explain what had happened and settled the bill.
  • koexelek
    koexelek Posts: 7,847 Forumite
    pepstar wrote: »
    So it's definitely a no or shall I try another lender?
    Thanks


    Worth appealing with C & G.

    They usually take a while to look at appeals though
    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.
  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
    pepstar wrote: »
    look very similar and lived at the same address! He payed all but the last two payments and when I got a final bill through the post I rung vodaphone to explain what had happened and settled the bill.

    Thank you very much for that explanation.
    ...............................I have put my clock back....... Kcolc ym
  • pepstar
    pepstar Posts: 8 Forumite
    How long in general does an appeal take? If it gets declined will it affect my credit score further? Thanks
  • S_Swede
    S_Swede Posts: 13 Forumite
    C&G were one of the main culprits with regard to theose 'phantom mortgage' stories a few weeks ago: people with 40k salaries borrowing about 3x their salary with perfect credit scores being rejected.

    How much money have you paid out and is losing it worth a better chance at actually getting a mortgage with someone else.

    I had an AIP with them for a 90% deal and a few days after the rate drop in feb they hiked theirs. Read about a lot of perfectly good potention borrowers who had been rejected so I switched to the Post Office anmd took the hit on having 2 AIPs. Just received my Offer yesterday so that proves they are lending, even to those who risk losing any equity they have, with predicted price drops.
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