Better acceptance rating at different addresses?

wjd85

Hello,

I've been using the eligibility calculator to determine how likely I am to get a loan of £5000. I've been living at my current address, a rented property for 2 years now. I'm on the electoral role here, but I forgot to update my bank address until a few weeks ago. My previous address was my parent's where I lived for most of my life.

I've got an above average credit score on Equifax, I've had two loans through my bank Nationwide when registered with them at my old address, but on the electoral role at my current one. I've got a credit card with them as well, and that's the only negative on my score (balance of £1700, available £2300).

My issue is that when I run an eligibility check at my current address, I'm only getting acceptance ratings of about 40%. I tried it at my parent's, and the ratings for the same providers were 60%, low APR over 5 years. I've checked my report on Equifax, there's no current data for my address, which is making me wonder, perhaps the bank haven't updated it yet hence the low rating?

Is it possible there could be other things affecting it? I earn £18k a year, only ever had 2 x £1000 loans through my bank which got paid in full recently, credit card usage is fairly high I guess. No other credit, not financially linked to anybody. Lower loan amounts rate the same as well.

What can I do?