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Want to move out, but parents house is black listed

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changingstars
changingstars Posts: 16 Forumite
in Mortgages & endowments
Hi

I want to move out with my partner next year. I have an excellent credit score and by then will have around a 15 -20% deposit for a mortgage

My partner lives at home but has just found out his parents house is black listed :( Will this affect us when we want to apply for a mortgage?

His credit score at the moment is around poor - average but he has been accepted for a car loan and has a credit card which he uses monthly to improve his score.

I am just worried that when the times comes, that no matter what his credit score is we will still get rejected because of his parents appaling history

Thanks for any help :)

Comments

  • silvercar
    silvercar Posts: 49,611 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    There is no such thing as black listing an address anymore. People have individual credit ratings, so provided he has no financial links with his parents, it should be fine.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • betmunch
    betmunch Posts: 3,126 Forumite
    The property doesnt get blacklisted what makes you think that it is?

    If the parents have poor credit thats got no impact on your partners credit rating, unless he has joint credit taken out with them

    If his parents are going on your mortgage, and I am sure they are not, this would cause a problem
    I am a Mortgage Adviser
    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.
  • TrickyDicky101
    TrickyDicky101 Posts: 3,530 Forumite
    Part of the Furniture 1,000 Posts
    Sometimes it can cause an issue if your partner has either the same name or possibly the same first initial (and surname) as his father - is this the case?
  • changingstars
    changingstars Posts: 16 Forumite
    Ok thank you, has put my mind at ease.

    He has no joint credit with them, he was told by his parents that the house is blacklisted :S

    Thanks again
  • changingstars
    changingstars Posts: 16 Forumite
    TrickyDicky101 wrote: »
    Sometimes it can cause an issue if your partner has either the same name or possibly the same first initial (and surname) as his father - is this the case?


    No his name is different from his fathers.
  • kingstreet
    kingstreet Posts: 39,265 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    He should, as a matter of course when considering applying for a mortgage, obtain the three different versions of his credit file to ensure there is nothing untoward;-

    Equifax

    https://www.econsumer.equifax.co.uk/consumer/uk/order.ehtml?prod_cd=UKSCR

    CallCredit

    https://www.noddle.co.uk

    Experian

    http://www.experian.co.uk/consumer/statutory-report.html#orderReport

    He should avoid paying for services which suggest they provide a credit score. This is not worth the money.
    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.
  • brightonman123
    brightonman123 Posts: 8,535 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    can OP's partner use same address?
    Long time away from MSE, been dealing real life stuff..
    Sometimes seen lurking on the compers forum :-)
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