Getting a mortgage with an AP on my credit history

Eddie1979

Hi folks,

First time poster here but I've lurked for quite a while.

My wife and I are going for a joint 95% mortgage. Her credit history is excellent but mine has an AP (arrangement to pay) on it whinch was cleared in January 2011. This AP shows on the file for a few years previous to that.

Since 2011 there is nothing but green marked on my file, I've had a couple of credit cards that have always been paid on time with one of them now being completely paid off.

Does anyone know how the AP is likely to affect our mortgage application? According to Equifax my credit score is in the high end of the good section but I'm unsure of how much faith to put into that.

Any help would be greatly appreciated,

Ed

kingstreet

You may be accepted by some lenders. You'll be declined by others.

You need an independent broker to study your whole application not just one isolated piece of data.

"Credit scores" are indicative at best, meaningless at worst. Certainly not worth paying for, if you are.

Obtain statutory credit filers from other CRAs as well as Equifax and give all three to broker.

dustywarrior

Hi,

As Kingstreet says, some lenders will accept you (Halifax for example would almost certainly accept you), but a lot of other lenders won't.

At this point, you should get hold of an independent advisor who can take you through your options, they will know each brokers lending criteria.

Which part of the country are you based in?

Eddie1979

Thanks for the replies folks. It seems like there is hope, which is a good place to start! Im based in Northern Ireland dustywarrior