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Address history
Teaandtoast0124
Posts: 150 Forumite
Hi can moving address 3 times in 3 years hamper mortgage approval. I have been reading up that they like stability. This is all down to me renting then the owner wanted to sell up, so i had to move back to my mums, now im back in renting. Therefore 3 addresses in 3 years. But have been present on electrorol for all 3???? Can this lower my credit score when it comes down to application?
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Comments
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Complete electoral history should be fine. Something you can explain as well.0
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Hopefully i can explain myself and not get an automatic decline...0
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Bump. Would love some more advice on this issue. Anyone else had experience with multiple adresses?0
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Assuming you are using a credit scoring lender, you will deviate from perfect and score fewer points than someone who has lived in the same place for three years.
You can only hope the remainder of your application data is sufficient to get you over the hurdle of a pass.
You can't look at isolated issues. It's the overall quality of the application that determines the outcome.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.0 -
I moved 3 in 3 also, but havent found its held me back at all. I was on the ER for all three addresses. Ive successfully obtained a Mortgage and a credit card no problem. And now i have the house i wont be moving anywhere ! You should be fine :j0
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Thanks you for the replies0
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