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Mortgage declined advice for applying to a new one

sarra63
sarra63 Posts: 22 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Mortgages & endowments
I am about to apply for a re mortgage, should I tell I had a mortgage declined 4 years ago?
«1

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Answer the question honestly.

    If 'Have you EVER had a mortgage declined?' answer YES

    If asked in last x years answer accoringly.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    it's not a matter of if, it is must. They do credit checks and can see previous credit searches.

    Be truthful or your will end up with egg on your face. Anything else is fraud and could lead to dire consequences.
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • mrginge
    mrginge Posts: 4,843 Forumite
    sarra63 wrote: »
    I am about to apply for a re mortgage, should I tell I had a mortgage declined 4 years ago?

    No, you should lie about anything that you think will harm your chances.

    :eek:
  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I can't think of many lenders who even ask these days.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • edinburgher
    edinburgher Posts: 14,203 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    kingstreet wrote: »
    I can't think of many lenders who even ask these days.

    We started the application process with Barclays and Natwest in the last month and were asked by both. The second time was through a broker, maybe it was just one of their standard questions?
  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It isn't a question on the NatWest website application brokers use. Was the broker you spoke to using MTE? If he was, that's MTE's question, rather than the individual lender's.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • sarra63
    sarra63 Posts: 22 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Today I got our credit files from (check my file) and there is nothing on them, could not find any search done from that lender!
  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    sarra63 wrote: »
    Today I got our credit files from (check my file) and there is nothing on them, could not find any search done from that lender!
    Which/what lender?

    BTW you get no Experian credit account data as they don't provide it to CMF.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • sarra63
    sarra63 Posts: 22 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Hi Kingstreet, it included some information from Experian. What I saw from CMF is reassuring that everything in the report is fine but it might be a good idea to get the Experian report as I have not checked any for many years. The lender was Santander.
  • densol_2
    densol_2 Posts: 1,189 Forumite
    I thought credit searches are only kept on your record for 12 months- so after 4 years they wont be there.

    Re the OP question - if you are using a broker - he would surely know which companies ask that specific question and avoid them in favour of one that doesnt ?
    Stuck on the carousel in Disneyland's Fantasyland :D

    I live under a bridge in England
    Been a member for ten years.
    Retired in 2015 ( ill health ) Actuary for legal services.
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