Failed credit check for remortgage but have excellent credit rating

Experian_company_representative

Hi angle

angle wrote: »

Hi,

I'm hoping that someone can explain this to me.

I'm trying to remortgage with my current mortgage provider (actually it's a TOMP), but I've failed the credit checks.

I have an account with experian and noddle, which both rate me as excellent. Just before making the application I signed up to checkmyfile.com, which again rates me as excellent.

How can my mortgage provider say that I'm a credit risk?
They seem happy to allow me to continue with my existing mortgage!

Thanks.

I understand that you've recently been refused credit check for a re-mortgage.

As you mentioned you are attempting to re-mortgage as a sole applicant, if you are no longer financially connected with your ex-partner you can 'financial disassociation’ yourself from them.

If you would like us to take a look through your Experian Credit Report with you to make sure your happy with everything that has been recorded before you re-mortgage, please get in contact with us as we would be happy to help.

All the best of luck with the re-mortgage.

Regards
James Jarvis

angle

Thanks James, but I've already called Experian.
They confirmed there is nothing negative on my report, no missed payments and I have the maximum credit score.

My ex is no longer showing as a financial association on my report.

Thanks again.

Thrugelmir

angle wrote: »

How can my mortgage provider say that I'm a credit risk?

If you don't meet their lending criteria that's one factor. Nothing to do with your credit rating (historic). Lenders use forward looking assumptions such as what level interest rates might be in the future.