Address woes 1st time buyer

stevehuhh

Hi guys,

So much good advice on here. Basically I am in the midst of applying for a mortgage and so did the usual: cleared debt, closed cards and accounts that I didn't use etc.

I have been speaking to my mortgage broker about options and my address history is supposedly going to be a problem. Everything is registered in my parent's address (credit cards, accounts, electoral roll) as all the advice around is keep it in one address.

Like many people I left home to go to university and now I have lived in London for the last 4 years living in various properties over this time so thought that it would be more intelligent to keep all of them at one address to not effect my credit rating.

However, I am originally from N. Ireland so the snag is that the address in N. Ireland and my broker has said because my job is in London I won't pass any address checks.

My issue is that if I change all of my details to my current address, it will result in me to having to talk about all my previous addresses which there are a few which surely will lower my chances even more.

The annoying thing is all of my friends and girlfriends have done exactly the same thing but because they live closer to London it isn't an issue!

Any advice would be appreciated. Whether I should change addresses, not change addresses and try and explain in the mortgage interview etc?

Thanks,

Steve

Thrugelmir

There's no reason not to have registered on the electoral roll ever year. It's this piece of information which knits all your credit history together.

betmunch

I had this recently.

I put it in the lenders court, told them about the university addresses but that all docs went to parents so couldnt prove they lived there but could prove they lived at parents.

Then just asked them what they wanted to see for proof. They said just parents address.

Just say whats happened as it did and see what they want you to do

stevehuhh

Thanks betmunch. Was it purely straight out of university and then a mortgage application? Think I might suggest that to the adviser. Thanks

betmunch

My case it was the third address in the history.


Left Uni about 2 years prior to the application.


Good Luck

stevehuhh

Thank you!