Arrangement on credit file, which lenders?

meliandpaul

I am currently in the process of moving house and had presumed that i would be able to port my portable mortgage from the woolwich. Today they have declined my application for a mortgage (even though I can keep the mortgage that I have with them if i dont move house) because of a credit arrangement that is on my credit file.

This was for a mobile phone bill that my husband made an error on (although account is in my name) and paid off the following month. This is showing up on my file as a paid on time completed arrangement. I have asked for this removing from my file and the mobile phone company have agreed to this. I have no other late payments on anything, ever, and my score on credit expert is 999.

My dilemma is whether to wait and see if this comes off my file and the Woolwich will look at my application again or whether to try another lender.

The Woolwich have already taken a month of sending to underwritors and senior underwritors and consequently lots of time has been wasted and the owners of the property i intend to purchase are now getting twitchy (hardly surprising), and i am worried about losing my buyers if things dont progress soon.

I earn £34k my mortgage balance is £85K and that was what i had intended to port to the new property. I have a fantastic rate at present, base plus 0.84 on a lifetime tracker, and wonder if they are trying not to let me keep this rate, although the bank assure me they are not. Purchase price of property is £190,000 so there is a large amount of equity.

Will other lenders be as strict over one error out of 20 years of good credit history?

I am very grateful for any advice offered.

Thanks

Thrugelmir

Why not add your husband to the mortgage?

dimbo61

Are you borrowing more ? or just porting the current mortgage amount ?
Lending has changed greatly in the last 2/3 years so with your credit problem and tighter lending you maybe stuck like many other borrowers

meliandpaul

Just wanted to port the current amount but they wont let me as there is the credit arrangement showing on file, even though this is paid off. My husband has his own mortgage. Will all other lenders be as strict?