Broker too confident?

Hahahappy

Hi, I'm a nervous first time buyer hoping that someone can reassure!

I had an offer accepted on a property last week that I really love, but the mortgage offer process is absolutely frying my nerves. My broker was really confident based on what I'd told him that we would be approved for the amount we need, but a few things have come up since then.

I checked my credit report with Experian and Equifax before applying and noticed that a couple of new-ish (1yo) HSBC accounts weren't showing up.

HSBC initially told me (months ago) there was nothing they could do about it and to follow up with CRAs. CRAs told me there was nothing they could do, and to follow up with HSBC. It didn't seem like there was anything I could do, so I left it alone and hoped they would show up sooner rather than later.

Now I've read more about what lenders consider and I'm further along the process, I've called HSBC again, who now say that it was a problem with data sharing agreement but the info won't appear on my reports for 6-8weeks. They have offered to provide a status enquiry/banker's reference for the lender in lieu of a credit report to prove these accounts/how I have used them - is the lender (TSB) likely to accept this?

Also on the topic of credit, I used checkmyfile to see my TransUnion account too, and found an adverse account on there from 2 years ago that hadn't shown up on the other CRAs. It was the closing payment on my water account at a previous address, when I missed a letter and eventually called them up to chase it when I realised I hadn't paid the final bill. This payment was 2 months late in Dec '17.

These things aside, my credit report is fine, but I worry that one adverse account and the two missing HSBC accounts (which demonstrate that I use credit well, a credit card and a current account with overdraft) might jeopardise my chances. Is it likely that these things on my credit report will result in me being turned down/lent less?

Finally, when I saw my TransUnion report on checkmyfile, it also showed up FIVE hard credit checks by TSB in the last 5 or 6 days. It seems excessive, and also like a big black mark against me if things do fall through with TSB and I have to try another lender.

Any reassurance would be much appreciated, but equally if I should be ready for bad news, I'd rather be prepared!

Thanks,

Thrugelmir

Best advice I can give is DO NOT MONITOR YOUR CREDIT FILE.

As lenders don't use it.

boo_star

Thrugelmir wrote: »

Best advice I can give is DO NOT MONITOR YOUR CREDIT FILE.

As lenders don't use it.

Don't you mean score?

Because lenders absolutely use credit files.

LawAbiding

First of all don't pay for checkmyfile for TransUnion, use CreditKarma which is totally free and updates your TransUnion report weekly.

Why do you think the 2 missing HSBC accounts will cause issues??

The 2 payments late in 2017, again don't worry about that, as long as the account didn't go into default.

Other then that, trust your broker.

amnblog

Checkmyfile is free for 30 days and covers data from all the CRAs.

Hahahappy, like many borrowers your are overthinking everything and although you may find it difficult you should simply trust your broker.
Your broker’s confidence is of more value than opinions on here from posters who do not know your case.

ACG

Im not sure I would worry about the hsbc accounts too much.
Likewise witht he water bill if it is only showing on transunion.

ScottishSaver14

Trust your broker. If there is anything that he has misunderstood, then correct him. But if he knows all the facts, then trust his experience and TRY and chill