Mortgage and Experian

Sammy_Girl

Hi All,

Does anyone know which mortgage lenders check just Experian when they do the credit check?

Or is it likely that they check both Experian and Equifax? Reason for asking is that my report on Experian is much better than Equifax, and would be greatly beneficial to me if the lender just checked the one report. Or is this wishful thinking??

Many thanks

_Andy_

When you say 'much better' - is there adverse credit on the Experian one?:

koexelek

Experian tends to be the one used the most with lenders

Toughluck

GMAC and TMB use experian only!!!!!!!!!!!!!!!!

I believe Abbey use experian and also bank of Scotland. A whiff of adverse over £250 don't bother with bank of Scotland.

minimike2

TMB doesnt exist any more and GMAC have no products........

Sammy_Girl

Thanks Guys,

I have no adverse credit whatsoever on my Experian. And it also shows my current mortgage with SPML.

Equifax, on the other hand has 3 defaults which have all been settled.

Any ideas???

Toughluck

What is the loan size against the "REAL" house value sammy?

Toughluck

minimike............hence my exclamation marks!!!!

Also High street home loans, victoria, Preferred...............

minimike2

Toughluck wrote: »

minimike............hence my exclamation marks!!!!

Also High street home loans, victoria, Preferred...............

Doesnt really help the OP though does it....most people wouldnt know what lenders are / are not alive / dead

Sammy_Girl

We bought the house in May 2007 for £205,000. I do not know the value now. I have played around with the online valuations but I know that they are not realistic. We took out an 85% mortgage on a repayment basis and the current outstanding amount is £173,600. This is at 6.29% APR

Thanks for the help

Toughluck

Doesnt really help the OP though does it....most people wouldnt know what lenders are / are not alive / dead

Agreed, but these days I do need to lift myself up a little bit otherwise I will go mad.:D