Mortgage rejected despite perfect credit score

Thrugelmir

copper2sulphate wrote: »

LTV 30%
Bank TSB
Credit score 999 out of 999

First reply: rejected due to credit score
Reply to appeal: rejected due to internal credit score criteria

What a joke.

How much debt do you owe?

PeacefulWaters

What do you do for a living? How long for?

Self employed?

Address stability?

Poor relationship with lender?

Stability of income?

enthusiasticsaver

The credit score is meaningless.

Do you have any defaults or do you have any other debt? If you do what is the credit utilisation percentage?

How long have you lived at your present address and are you registered on the electoral register?

How long have you worked for your current employer and how stable is your income? Is the amount you wish to borrow too high for your income?

All the answers to those questions will be more relevant when any lender looks at mortgage lending. As they all place emphasis on different things this is why a blanket credit score is no good in determining whether or not a mortgage is approved.

It is probably wise to see what is on your credit report though in case there is something you are unaware of . Noddle is free.