Moving House and Further advance with HSBC

_Andy_

HSBC and FD are two different companies - that said they would be entitled to ask for your FD statements.

VIGILANT22

http://forums.moneysavingexpert.com/showthread.html?t=2335753&highlight=nationwide+rent+declined

My mortgage broker tells me that I have been declined due to a 'financial association'. I rent with somebody at the moment who has had debt in the past, however we do not share any financial connections. All money is kept separate and although both names appear on bills, we do not share any bank accounts, credit cards, etc, nor have we applied for anything jointly. I obtained my credit report end of last year and there were no other names on there. Nationwide have told me to check experian, so I've ordered another report to try and work out what they don't like.

picardygirl

Mercury22 wrote: »

You can keep your existing deal on the amount ported but the further advance would be on new terms.

OK .... when we moved ours was different to that, our product was ported over for the entire amount of the new mortgage for our new purchase (we had 6 months to run on our existing deal).

gt94sss2

_Andy_ wrote: »

HSBC and FD are two different companies

Are you sure?

I think First Direct is just a different division of HSBC Bank plc. Also, HSBC and first directare both trading names of HSBC Bank plc

Regards
Sunil

Thrugelmir

gt94sss2 wrote: »

Are you sure?

I think First Direct is just a different division of HSBC Bank plc. Also, HSBC and first directare both trading names of HSBC Bank plc

Regards
Sunil

Yes you are correct.

The major lenders also use their own "credit agency" NationalHunters during the application process. This check would highlight the existance of debt at the same address.

Mercury22

VIGILANT22 wrote: »

The situation was.........

Mortgage in joint name/no defaults/late payments on mortgage
Wife clean credit history
Husband defaults with credit cards
Wife applies in her name only for a remortgage as she & husband splitting up , she is informed decision pending associated adverse credit. This was in 2009 and the lender was the woolwich.

****

This message re adverse at the address..did not show up on experian/equifax report done by individual........however this message was on the woolich dip........

The financial connection is the joint mortgage.

Mercury22

Thrugelmir wrote: »

Yes you are correct.

The major lenders also use their own "credit agency" NationalHunters during the application process. This check would highlight the existance of debt at the same address.

Are you sure it is the address they search rather than the individual person? I have spoken with 3 different people at the national debt helpline and all have said that credit scores are based upon the individual only and there would only be a cross reference if a financial connection existed.