MSE Credit Club - how to answer rent question

kastraver

Hi there,

On the MSE credit club, and other things I've seen, it always asks for your income + your partner's income, then it asks about rent. I pay half the rent, and my husband pays the other half, but as it's asked for both our incomes, so do I give the full rent or do I still give just half the rent?

Thanks!

takman

It doesn't really matter what you put they just use that information to show you a credit score which has very little use and other similar metrics, nothing of any importance.

MSE_Chris

kastraver wrote: »

Hi there,

On the MSE credit club, and other things I've seen, it always asks for your income + your partner's income, then it asks about rent. I pay half the rent, and my husband pays the other half, but as it's asked for both our incomes, so do I give the full rent or do I still give just half the rent?

Thanks!

Technically speaking (having checked this with HD Decisions who work with lenders around the credit eligibility), you should be entering the figure for your mortgage based on what you would be personally liable for. So in this case you'll be right to include the whole mortgage amount even though you currently have an arrangement to split this with your partner.

This is used to calculate both the affordability scores and eligibility results. It won't affect your Credit Score as income/expenditure isn't linked to your Credit Score.

I hope that helps answer your question.