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Equifax help
faz33
Posts: 17 Forumite
Hi all.
This is my first post so hope this hasn't be asked before.
I am currently trying to get a new mortgage. We have found a house and have offered the asking price. It's been accepted.
When looking at my equifax credit report it still shows my existing mortgage on there which should be removed soon as I sold the house and paid and closed the old mortgage.
Can the old mortgage on my report affect a new application for a mortgage ?
It still shows the full amount I paid and shows status as uptodate.
This is my first post so hope this hasn't be asked before.
I am currently trying to get a new mortgage. We have found a house and have offered the asking price. It's been accepted.
When looking at my equifax credit report it still shows my existing mortgage on there which should be removed soon as I sold the house and paid and closed the old mortgage.
Can the old mortgage on my report affect a new application for a mortgage ?
It still shows the full amount I paid and shows status as uptodate.
0
Comments
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Nope. Tick the "repaid, or to be repaid on/before completion" box on the application and it will be ignored.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
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Hi kingstreet my fanancial advisor has submitted the application as a new mortgage and ticked the box saying no other mortgage and it got declined but they would not say why.
I have asked northern rock to remove it ASAP and asked equifax to remove my ex partner off my report from financial associates as she has bad credit.0 -
Like KS says an mortgage showing as outstanding should be declared with intention to repay before completion of the new mortgage.
If the new lender picks a mortgage up on the credit file that was not declared at application this could be the issue.
Depending on on the declining lender is you may be able to rectify this.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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