Credit Checks

currencyman76

Due to the fact that i am self-employed, myself and my partner have recently been turned down by Abbey despite having had an AIP 4 months ago. We also encountered difficulties with another provider. So, we have taken my circumstances out of the equation and put everything into my partners name as she passes all the affordabilty criteria and has a perfect credit rating...

However, she now has 2 credit checks against her name, so really just need to know how important this is and even though she passed the initial checks from the new lender at what point do lenders start taking these checks into account?

camper_1982

I asked the same question as my first application went all the way through only i had to walk away as they cut the amount they would lend us by 10k.

I was told that 2 is fine, but no more in the same week. do 3rd one a week later. 3 for a month total.

VIGILANT22

No way should you be doing 3 per month...maybe 3 in 3 month's

currencyman76

so would they turn down an application due to the fact it has been turned down by another lender even though it has shown the credit history to be spotless?

VIGILANT22

No it doesn't work like that, you're not declined because you've been declined!
However multiple credit searches lowers your credibility as what that suggests is yr unable to raise finance. By the way people aren't declined because they're self employed...their are many many self employed people with mortgages....