No bank account - mortgage chances?

Firsttimebuyer101_2

Hello

I want to apply for a 95% mortgage but all my credit files do not show my bank account because I opened it in 2001.

Will this harm my chances of getting a mortgage? Should I open another bank account so that one will show up on my credit file?

My Equifax score is currently showing as 'poor' but I think this is because of (1) bank account issue (2) I have just moved house and thus on electoral roll for less than a year (but on there nonetheless) and (3) various other minor information is out of date (and I am chasing to update before application).

Any advice?|

Thanks

monty-doggy

If its poor I'd get experience and call credit files too first. If they are all similar I'd work on improving them before applying!

Goldiegirl

Blimey, I opened my current account in 1981 - my credit score must be carp!

Firsttimebuyer101_2

Any mortgage advisors out there with a bit more detailed response?

GMS

What is showing on your credit file to give a poor score?

Scores mean little to a lender but the fact it shows as poor would indicate some problems.

What is the bank account issue exactly?

What is the 'various other minor information'?

95% mortgages require squeaky clean history and criteria to be 100% met. With issues it is highly unlikely

Senior_Paper_Monitor

Have you ever considered retaining (i.e paying for) a mortgage adviser for detailed responses (based on near to no information) within 8 minutes of your initial question ??