Can't get a mortgage despite good credit

feisty1

if it was just affordability, it would not be a straight decline, they would offer the amount they as a lender felt was appropriate...........

Ian_Griffiths_Halifax

Is there anything unusual about your address and any address you've lived at in the past 3 years. This may explain why your past credit isn't showing.

Also, not all lenders put their credit agreements on Experian and Equifax. At one time Yorkshire Bank didn't but I think they do now.

feisty1

feisty1 wrote: »

is this an experian/equifax/or what report?

sorry i have just read credit expert, obtain an experian/equifax report...........

feisty1

who do u bank with?

brightbuy

feisty 1, C&G will decline outright, you then need to call them and resubmit to the maximum they will lend.

feisty1

if this happens, how do you know what that maximum will be?

opinions4u

GreyKnight wrote: »

Maybe, but I earn £30k a year and have no outgoings, I'm looking to borrow about £100k.

Don't see how that's not affordable.

GreyKnight wrote: »

£13,000 loan to buy another car (still in place)

So you have disclosed no outgoings.

Except you have a £13,000 loan still in place.

Can you see how that might look to an underwriter?

GreyKnight

No no no. I HAVE disclosed the £366 a month that I pay for the car, but this finishes in May this year so by the time I start paying a mortgage I won't have any outgoings. The mortgage broker said that they tend to not be interested in loans that only have a few months left to run. Regardless, this loan doesn't appear on my credit file so even if I didn't disclose it they would be none the wiser!

CreditExpert IS an Experian report...? It's called "CreditExpert from Experian".

I have lived at my current address for 14 years (since it was built). There is nothing unusual about it except it has a house name rather than a number (it's in the countryside). But the house comes up on postal address database searches no problem.

I bank with Barclays who do mortgages with the Woolwich. I have called them today and explained my problem, the lady was very helpful and said she would speak with the decision making department about my circumstances and call me on Monday to say whether they thought I would be okay to apply. I suppose the fact that the one loan that does appear on my file was a Barclayloan may count for something..?

brightbuy

feisty1, they tell you when you call them back what they would be prepared to lend if you don't use their caseflow system. Depends on her broker and the system used.

feisty1

if you use caseflow does that tell u automatically?