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Multiple address / moving home / effects on credit score.
funkysi
Posts: 37 Forumite
It's been noted that moving house many times can affect credit worthiness. I am in a bit of a strange situation as I am going to apply for a mortgage in the next 3-6 months.
Situation is that I've been renting for EONS! I've lived in my current address for 10 months (shared with gf - but we're going our separate ways temporarily) and have just found a little apartment near where my new house is currently being built which is half the cost of my current address. My previous address I rented for around 2.5 years, so at the time of applying for a mortgage, it will look like I've lived at 3 addresses in as many years.
I am on the electoral role and I have kept up all my change of address details for everything and my credit file is good and up-to-date.
Is this likely to cause an issue?
Situation is that I've been renting for EONS! I've lived in my current address for 10 months (shared with gf - but we're going our separate ways temporarily) and have just found a little apartment near where my new house is currently being built which is half the cost of my current address. My previous address I rented for around 2.5 years, so at the time of applying for a mortgage, it will look like I've lived at 3 addresses in as many years.
I am on the electoral role and I have kept up all my change of address details for everything and my credit file is good and up-to-date.
Is this likely to cause an issue?
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Comments
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....in addition, I have 27 addresses linked to me in my credit file - obviously from a variety of different companies. Is there any way of cleaning this up as there are only 3 addresses there in total. Is this an issue?0
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Hi,
Assuming you don't have any other credit issues you should be fine.
The key thing is to make sure you accurately tell your mortgage adviser/broker the dates that you moved into these properties in the last 3 years.
Good luck
I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
I think there might be the odd discrepancy with months, but I can correct all that before I present the mortgage application.0
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