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Buying a house?

[Deleted User]
[Deleted User] Posts: 0 Newbie
Eighth Anniversary 10,000 Posts Debt-free and Proud!
in Credit file & ratings
Just curious.

Suppose you bought a house for cash.

Would anyone search your Credit File?

Would the house purchase appear on your Credit File?

If yes, would it be a good or bad thing, from the POV of your Credit Rating?

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    No.

    No.

    N/A.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • alexanderalexander
    alexanderalexander Posts: 345 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    When I bought a house my solicitors did a search on my file, with the purpose described as "Anti-Money Laundering". I doubt that the search would have any effect on my credit rating though -- it is only ones to check a credit application which'd be likely to do that.
  • StuC75
    StuC75 Posts: 2,065 Forumite
    The only possible searches could be ID checks by your solicitor - as part of confirming who you are. There may be more questions \ background checks to confirm source of funds - so a good trail of bank statements showing the money building up would be a good idea.

    The credit 'rating' may improve since you would be seen to be Home Owner with No Mortgage - so gives a bit more 'stability' to your profile and applications you may make..
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Eighth Anniversary 10,000 Posts Debt-free and Proud!
    StuC75 wrote: »
    so a good trail of bank statements showing the money building up would be a good idea.

    What it came from a Lottery win?
  • Tixy
    Tixy Posts: 31,455 Forumite
    Bedsit_Bob wrote: »
    What it came from a Lottery win?

    You'd likely show them a bank statement showing £xmillion credit being received from Camelot UK Lotteries Ltd
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
This discussion has been closed.
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