how long should this take

mooma29

ive asked on the house buying board and two lovely people took the time to answer, but I wondered if I might get a more in depth response if this is the more appropriate place?


I'm selling my house. my buyer has hit a snag with their address on their credit file, so mortgage turned down. They live in flat 2 50 somewhere street, but for some reason at the post office/royal mail they were down as flat B 50 somewhere street, so had to have that corrected. this came to light 3 and a half weeks ago, and they have had it corrected, they told me that that part was complete about a week ago, and are now just waiting for their credit file to update. how long realistically should it be till they can apply for a mortgage again. my EA said not to worry it would only be a week or two and they definitely don't have any actual credit/borrowing issues, but its already nearly a month. I don't mind hanging on for them, the people I'm buying from aren't in a rush so its not the end of the world, but I don't want to hang on for a couple of months and then find I have to put it back up for sale again. Anyone gone through this and know what's what?
thanks

Willing2Learn

It often takes up to six weeks for the CRAs to be updated with the latest data.

sara2018

It often takes up to five or six weeks

sourcrates

Noddle now update every 7 days, the others update monthly.


But, It all depends on how fast the info they receive is updated.


Credit reference agencies only display the info they are given.