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Mortgage Soft search rejection
wpearson92
Posts: 46 Forumite
Hi all,
Just been to see my mortgage advisor and I failed a soft search on my credit report.
I've just looked at a copy of my credit report and the particular report outlined a 3 months worth of arrears on a old bank account which was closed with an overdraft which I believed was paid off.
Anyway I've settled the account now and
It's closed.
Anyway how long will this affect my chances of getting a mortgage nothing else as ever been missed and I have credit cards all paid off every month in full. My advisor as advised it may be as little as 4 months but I'm sure you folks know more from experience
Thanks for any suggestions you all reply
Just been to see my mortgage advisor and I failed a soft search on my credit report.
I've just looked at a copy of my credit report and the particular report outlined a 3 months worth of arrears on a old bank account which was closed with an overdraft which I believed was paid off.
Anyway I've settled the account now and
It's closed.
Anyway how long will this affect my chances of getting a mortgage nothing else as ever been missed and I have credit cards all paid off every month in full. My advisor as advised it may be as little as 4 months but I'm sure you folks know more from experience
Thanks for any suggestions you all reply
Save 12k in 2015 number 218: £5440/£17000 -
House deposit savings: £13,440/£16,5000
Car Finance: £12,900/£17,000 (£284 a month)
House deposit savings: £13,440/£16,5000
Car Finance: £12,900/£17,000 (£284 a month)
0
Comments
-
How big the problem is depends on a number of facts such as when it occurred and how much deposit you have.
Your broker is best placed to answer your question as they will know the case.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 -
It's a recent problem September I believe I settled the account.
I currently have a 5% deposit but aim for a 15% deposit when I actually make the purchaseSave 12k in 2015 number 218: £5440/£17000 -
House deposit savings: £13,440/£16,5000
Car Finance: £12,900/£17,000 (£284 a month)0
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