Chances of getting a morgage? Credit Rating?

Kayalana99

I'm 21 and my credit rating for my age is decent, paid off a credit card every month, small dfs loan thats been paid off on the E-Roll...not much more I could do really.

My partner on the other hand I have been living with for over a year now and before that he was using wonga constantly missed a few payments but did make them (so I dont think they counted?).

Needless to say I've straighted him out :money:

But....He changed accounts from Nationwide to Santander in Feb and couldn't close his Nationwide account down due to him having an online savings account and lovefilm took £5.99 out without him knowing about it as all DDs were supposed to be moved over but app this was a recurring debit or something...

Short version they were charging him £20 a month and he hadnt been checking his statements as to him it was a dead account...so racked up £150. Nationwide agreed to cancel this debt to £60 which he has now paid and sorted...but checked his credit rating on Doddle and its 1/5 because of this

Were looking at getting a 85k house with 10%, and wages combined 22k

Dave_Ham

You will need to get his Experian, Equifax and Call Credit reports to see exactly what is on there.

A broker may be sensible as they can interpret these reports and then place with an apprpriate lender.

I do not think this would rule you out from what you have said, aside from the 95% loan to value products or banks like HSBC/First Direct where they are more selective.

Key thing you are looking for on the credit files is if they formally defaulted him...

Pixivix

Deffo get an account with Experian's Credit Expert so you get a full picture of what's going on and you can ensure all information is aligned and in place before you make an application.

My partner and I had our 1st mortgage application declined based on 'credit scoring', which we couldn't understand as we both have 'excellent' credit scores.

Credit Expert helped us to align our information behind the scenes, ensure the electoral roll info was pulling through correctly (which is wasn't initially) and get everything in place.

We made a second mortgage application with the same bank which went through with no issue at all :j

kingstreet

Do not put all your "credit eggs" in one basket with Experian. As Dave says, get copies of your statutory file from all three CRAs and check them to make sure the data on all three is correct and up to date.

Often, a lender favours one CRA and it gives and receives information from that one CRA only;-

Equifax

https://www.econsumer.equifax.co.uk/consumer/uk/gb_consumerletter.ehtml

Experian

https://secure.wiseconsumer.uk.experian.com/wiseconsumer/secure_index.html?data=00

CallCredit

https://www.callcredit.co.uk/stat-report-online/index.php?action=register_display&tpl=regPurchase