Mortgage App and Credit Score

Need_to_win_the_lotto

Hi everyone

Hoping someone can answer a question.

My partner has recently been turned down for a mortgage and we've figured out its partly due to not being on the electoral roll. We're trying to sort as much out as we can before trying again but my question is.....

If my partner has had all his bank accounts, loans and phones etc at his parents address (where he lived for over 10 years before moving in with me) would he better to go on the electoral roll there rather than at mine. I'm wondering if he registers at my house then we move all his accounts over to that address it will go against him as he will only have been living there a few months.

Also, obviosuly he has had searches done at my house (including the last mortgage app) so if we try his parents address next time (with the same bank) will that cause a problem because he has searches at my address?

He wants to get everything alligned and in the right place but obviously living somewhere for 10 years will look more favourable than 3 months?

Can anyone help please?

Thanks

vicshippers

I'm no expert, but I would have thought that it's the time that you're on the electoral roll that counts - not necessarily where. I was told recently by a broker that 3 years on the electoral roll in one place looks much better than 2.

I would also say that if you've had searches in his name at an address where he has no history - that wouldn't have helped either. The refused searches will now show against his name, not your address so it won't matter where you mark down on the paperwork, if he tries again it will probably fail.

Maybe you could try and find a lender that doesn't rely so heavily on the credit report details. I have heard (mainly through reading around on here) that Beacon Homes are good for this.