How long does a mortgage application stay on your credit file? >>

*Kat*

If SO and I both apply for a mortgage together, and we don't get it, can he apply alone straight away? Or will there be a mark or something on his file?

ethank

Credit agreements
Six years from the date the account was settled, written off or defaulted – whichever happened first

Searches
One year for credit application searches and two years for debt collection searches

County court judgment/decree
Six years from the date of judgment/decree

Bankruptcy
Six years from the original registration date, as long as the Bankruptcy is no longer current

Individual voluntary arrangement
Six years from the original registration date, as long as the IVA is no longer current

CIFAS
CIFAS entry will stay for as long as there is evidence of fraud. You can add protective registration to your address to prevent your personal details being misused. The service stays on your address as long as you subscribe to it.

Association
Indefinitely

Alias
Indefinitely

Electoral roll
Indefinitely

Notice of correction
Until removal is requested

Gone Away Information Network (GAIN)
Six years from the original registration date

Administration order
Six years from the date of the order, even if paid in full

kingstreet

Only a search is left behind when you apply for a mortgage.

However, if you apply jointly and you currently have no joint financial accounts or commitments, the search will create an association which may cause him problems if he then applies alone soon after.

If you do make a joint application and are declined, it would then be advisable to go through the disassociation process with all three credit reference agencies to sever the connection the search created.

This is essential if one partner has adverse credit visible on their credit files.

TBH you'd best seek out an independent mortgage advisor with all three of your credit files and not make any speculative joint applications direct to lenders.