Late payment holding up us buying a house

tufty22

Hiya

We were just about to apply for co-ownership, have our debts down to almost nothing. I had made a (successful) claim against barclays - one of those pay monthly bank accounts, and we were moving stuff out of it and into other accounts. Unfortunately I missed the nursery fees and it bounced. I paid the nursery directly and thought it would be fine. Now I'm finding that I can't apply for co ownership for another year!!

We aren't getting any younger (first time buyers at 41 and 47). Do you think that we could fix this somehow?

GingerBob_3

tufty22 wrote: »

Hiya

We were just about to apply for co-ownership, have our debts down to almost nothing. I had made a (successful) claim against barclays - one of those pay monthly bank accounts, and we were moving stuff out of it and into other accounts. Unfortunately I missed the nursery fees and it bounced. I paid the nursery directly and thought it would be fine. Now I'm finding that I can't apply for co ownership for another year!!

We aren't getting any younger (first time buyers at 41 and 47). Do you think that we could fix this somehow?

Surely (child) nurseries don't report clients to the CRAs - surely not! ??

tufty22

Sorry I worded that badly. It's a direct debit from my barclays account. Once I realised that it hadn't went through I called into the nursery and paid it. It was barclays who marked it as a late payment.

tufty22

It's the Northern Ireland co-ownership scheme, not the mortgage lender who will make us wait another year.

Is it possible to get a file amended?

Thrugelmir

tufty22 wrote: »

It was barclays who marked it as a late payment.

Why would Barclays report it as a late payment?

saverbuyer

It looks like it was your own error that caused the nursery payment to be rejected.


Your best bet is to talk to Barclay's and ask for the missed payment marker to be removed.


Coownership will, as you know, automatically reject applications where a missed payment is showing in the last 12 months.

Candyapple

If it's your first time as a missed payment then call Barclays and grovel and ask them if as a gesture of goodwill they will remove the late payment marker.

Ben8282

As the op has made a successful claim against Barclays and is in the process of 'moving stuff' out of the account they will probably not be very willing to assist.


Also you don't have a late payment. You have a situation of a direct debit or standing order or whatever it was failing. As I think that we have established that the nursery does not report to CRA's there will be no corresponding late payment on your credit file.

smdabs

A bank would not (or most definitely should not) remove any markers from a credit file if it is not the bank's error that the payment had defaulted.

Is there any way of discussing it with the Co-ownership scheme and explaining this situation?

Candyapple

Ben8282 wrote: »

As the op has made a successful claim against Barclays and is in the process of 'moving stuff' out of the account they will probably not be very willing to assist.


Also you don't have a late payment. You have a situation of a direct debit or standing order or whatever it was failing. As I think that we have established that the nursery does not report to CRA's there will be no corresponding late payment on your credit file.

It will get reported as a late payment, p18:
https://www.experian.co.uk/downloads/consumer/experian-YCRE.pdf

GingerBob_3

Candyapple wrote: »

It will get reported as a late payment, p18:
https://www.experian.co.uk/downloads/consumer/experian-YCRE.pdf

Who reports it and on what basis? I gave up reading the Experian pdf due to the number of lies in it.