We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Will settled accounts scupper mortgage promise
Options
Melodydance
Posts: 4 Newbie
We have joint mortgage promise from Halifax. I can see from my Experian report that they have viewed my credit report but don't know if this was in full or not.
The issue is that I have five settled accounts with differing dates. All were paid in full via payplan but when I had any extra money I would pay additional amounts to the creditors direct. This means that the five accounts all have different dates, from 2009-2012. There were no defaults and all are marked as settled.
Does anyone know if Halifax will know this already or will this not be discovered until full application is made? It would be useful to know as could ask Hubby to apply as sole applicant although this would seriously increase mortgage payments as would reduce length of mortgage.
We have 19% deposit and no affordability issues.
The issue is that I have five settled accounts with differing dates. All were paid in full via payplan but when I had any extra money I would pay additional amounts to the creditors direct. This means that the five accounts all have different dates, from 2009-2012. There were no defaults and all are marked as settled.
Does anyone know if Halifax will know this already or will this not be discovered until full application is made? It would be useful to know as could ask Hubby to apply as sole applicant although this would seriously increase mortgage payments as would reduce length of mortgage.
We have 19% deposit and no affordability issues.
0
Comments
-
If you went through the Mortgage Promise, only a soft-search has been done so far and they may be unaware of your history.
Only when a full application has been submitted and accepted can you feel confident you are proceeding.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Many mortgage lenders run a credit application check for agreements in principle, as you are asking if they will lend to you. The footprint on your report should say what type it is.
James Jones“Official Company Representative
I am an official company representative of Experian. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"
Posts by James Jones, Neil Stone, Stuart Storey & Joe Standen0 -
Melodydance wrote: »There were no defaults and all are marked as settled.
You defaulted on the debts by entering a payment arrangement. This will show when a check is performed on your credit record.0 -
No defaults - reduced payments agreed. All paid in full. Halifax now done full search and approved subject to survey. :j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards