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Mortgage / Credit report advice
D900224
Posts: 4 Newbie
Hi all,
Also posted this in the "Credit" forum so apologies if you see it twice.
A brief intro...my partner and I (both 27) are looking at purchasing our first property together in the near future. Have been to see a mortgage broker and understand our budgets etc.
Our only concern is an issue with my credit report. Whilst I have no missed payments/defaults and a near perfect credit score for what it's worth, I (stupidly) took out a mobile phone contract when I was 16, and falsified my D.O.B so it read 18. Some time later I called the company (then T-Mobile) and changed the D.O.B so it was correct with no questions asked.
I terminated the contract 2 years ago so have another 4 years before it clears from my credit report. I have obtained credit since taking out that contract with no issues.
Basically, I am looking for advice wether this would likely be flagged and cause an issue with a potential mortgage lender. My mortgage broker, whilst admittedly never coming across this scenario, believes it won't be an issue and I'll be ok.
The contract was taken out some time ago now and I obviously never fully understand the potential implications, but my obvious worry now is I'm turned down for a mortgage but my importantly reported to CIFAS.
Would appreciate any help/advice - thanks.
Also posted this in the "Credit" forum so apologies if you see it twice.
A brief intro...my partner and I (both 27) are looking at purchasing our first property together in the near future. Have been to see a mortgage broker and understand our budgets etc.
Our only concern is an issue with my credit report. Whilst I have no missed payments/defaults and a near perfect credit score for what it's worth, I (stupidly) took out a mobile phone contract when I was 16, and falsified my D.O.B so it read 18. Some time later I called the company (then T-Mobile) and changed the D.O.B so it was correct with no questions asked.
I terminated the contract 2 years ago so have another 4 years before it clears from my credit report. I have obtained credit since taking out that contract with no issues.
Basically, I am looking for advice wether this would likely be flagged and cause an issue with a potential mortgage lender. My mortgage broker, whilst admittedly never coming across this scenario, believes it won't be an issue and I'll be ok.
The contract was taken out some time ago now and I obviously never fully understand the potential implications, but my obvious worry now is I'm turned down for a mortgage but my importantly reported to CIFAS.
Would appreciate any help/advice - thanks.
0
Comments
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I doubt anyone will have a problem with it or pick up on it.I am a Mortgage AdviserYou 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.0
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Look at the fraud area of your report, anything there? Nope. You're fine.
This won't be a problem.0
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