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Moving Home & Failed Credit Search!

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Comments

  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    so another words you stung other lenders
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    K1RST1E wrote: »
    I was at the time as they've not been pursuing me since due to no signed credit agreement.

    Then you are shocked that lenders won't consider you for a mortgage. Self explanatory answer.
  • K1RST1E_2
    K1RST1E_2 Posts: 176 Forumite
    chanz4 wrote: »
    so another words you stung other lenders

    I guess so. I did what was right for our finances at the time. My husband doesn't regret the choices we made but thank you for your constructive feedback.
  • K1RST1E_2
    K1RST1E_2 Posts: 176 Forumite
    Thrugelmir wrote: »
    Then you are shocked that lenders won't consider you for a mortgage. Self explanatory answer.

    No, I'm shocked that the company I already have a mortgage with had to treat me like a brand new customer.
  • Shoppadolley
    Shoppadolley Posts: 62 Forumite
    Seventh Anniversary 10 Posts Name Dropper Combo Breaker
    Kick her while she's down y don't u!!!
  • Gonzo33
    Gonzo33 Posts: 440 Forumite
    New proposal = New underwrite unfortunately. Any time that you re-mortgage, buy a new home (including porting your mortgage) the lender will look at your circumstances again just to confirm that you are still a viable risk for them.
    Grab life by the balls before it grabs you by the neck.
  • K1RST1E_2
    K1RST1E_2 Posts: 176 Forumite
    Gonzo33 wrote: »
    New proposal = New underwrite unfortunately. Any time that you re-mortgage, buy a new home (including porting your mortgage) the lender will look at your circumstances again just to confirm that you are still a viable risk for them.

    Thanks for clarifying. It looks like the best option will be my husband getting the mortgage in his name only for the time being and then once these defaults have expired, which would be at the end of the 2 year fixed term, we'll try adding me to the mortgage.

    Whilst we don't regret the decision we made at the time as we had no intention of selling in the near future, it's certainly been a hard lesson learnt.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Shoppadolley wrote: »
    Kick her while she's down y don't u!!!

    No aggression on my part. Merely being factual. Which is the way any lender would view the situation.
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    There are lenders that subject to the detail, would consider you on sensible terms.

    If you proceed on single name basis, ensure lender selection is well researched as some will not like your situation.
    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.
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