No adverse credit but unable to get credit

kenturner_3

Hi, I regularly check my credit file and have alerts set with the 2 main credit reference agencies, there is no negative info on there such as missed/late payments etc, I’ve been at my address for 3 years, on electoral role, homeowner, employed, a couple of credit cards etc. So in theory I should be a lenders ideal customer but nobody will give me any credit except the high rate credit cards, all I want to do is extend my mortgage so iv made a couple of ‘soft’ applications with existing mortgage lender and declined, I then made a soft search for a car loan and again declined. I’ve been very careful not to make full applications to avoid damaging my score further - any ideas what is wrong ?

Thanks

[Deleted User]

Are you sure there's no data that states defaults or missed or late payments?

It could be due to the amount outstanding on your mortgage.

Have you spoken to your mortgage provider direct as to why they may have declined the extension?

BoGoF

Your income and current outgoings may mean further credit looks unaffordable.

[Deleted User]

kenturner wrote: »

Hi, I regularly check my credit file and have alerts set with the 2 main credit reference agencies

Check all three.

Thrugelmir

Why do you need to extend your mortgage term?