What current account for rental exchange

gionnetto

Hello,
so far, I had reported my rent payments through Credit Ladder. Sadly, they don't offer the rent forwarding service any longer.

The only banks that are presently supported via open banking are:
Barclays, HSBC, Lloyds Bank, Halifax, Natwest, RBS, Santander, Nationwide, The Co-Operative Bank, First Direct, TSB, Monzo, Starling and Metro Bank.

I wanted a current account with Nationwide, but all their accounts require 3 years of history, which I don't have (yet).

Do you by any chance know if any of these lenders offer a current account to people with less than 3 years of history?
Thanks!

PRAISETHESUN

Unless you are 2 years old, you will definitely have 3 years of address history - surely you used to live somewhere?! If you are like me however and have foreign address history, such that you have less than 3 years UK address history, then I can offer a bit of advice here. You require 3 years of address history for a credit check, but it doesn't actually have to be in the UK (although less than 3 years of UK credit history typically does disadvantage you in applications).

You will need to check the T&Cs for each bank, but I can confirm that most of those bank do not actually require 3 years of address since you can apply for them and enter foreign addresses (or check a box that states your previous address is outside the UK). Co-Op and Santander are the only banks where I've had issues with actually requiring 3 years of UK addresses, although I got around that for Santander by applying in person at my local branch - call around and ask what is and isn't possible. Nationwide in particular you should be able to apply for (I have a FlexDirect account and I haven't been living in the UK 3 years yet) - although getting accepted is another matter!

[Deleted User]

gionnetto wrote: »

Hello,
so far, I had reported my rent payments through Credit Ladder. Sadly, they don't offer the rent forwarding service any longer.

The only banks that are presently supported via open banking are:
Barclays, HSBC, Lloyds Bank, Halifax, Natwest, RBS, Santander, Nationwide, The Co-Operative Bank, First Direct, TSB, Monzo, Starling and Metro Bank.

I wanted a current account with Nationwide, but all their accounts require 3 years of history, which I don't have (yet).

Do you by any chance know if any of these lenders offer a current account to people with less than 3 years of history?
Thanks!

Ask your landlord or estate agency if they report to the Rental Exchange.

gionnetto

PRAISETHESUN wrote: »

Nationwide in particular you should be able to apply for (I have a FlexDirect account and I haven't been living in the UK 3 years yet) - although getting accepted is another matter!

It's precisely Nationwide I've had problems with.

[Deleted User]

I can't see anywhere that NW stipulate 3 years of address history?

Maybe your credit score is too low...:rotfl:

PRAISETHESUN

!!! wrote: »

I can't see anywhere that NW stipulate 3 years of address history?

Maybe your credit score is too low...:rotfl:

Neither have I...
@OP - You might want to clarify if you're having issues applying for the account, or an issue with being rejected once you've applied. If the former, I'd suggest getting in touch with Nationwide as there are multiple avenues to open an account if you are struggling to do so online. If the latter, there isn't too much we can do since you likely don't fit the profile of whoever they want as a customer, or they have decline you on the basis of credit scoring.

gionnetto

!!! wrote: »

I can't see anywhere that NW stipulate 3 years of address history?

Maybe your credit score is too low...:rotfl:

You just can't help trolling, can you?

Try and set up an account with Nationwide online, and you'll see the requirement. In other words, actually gather information before speaking up and playing expert.

Cheers.

gionnetto

PRAISETHESUN wrote: »

Neither have I...
@OP - You might want to clarify if you're having issues applying for the account, or an issue with being rejected once you've applied. If the former, I'd suggest getting in touch with Nationwide as there are multiple avenues to open an account if you are struggling to do so online. If the latter, there isn't too much we can do since you likely don't fit the profile of whoever they want as a customer, or they have decline you on the basis of credit scoring.

They haven't declined me. The online application does not allow me to move forward unless I have 3 years of address history. My score is fine. I just got my first 0% purchase credit card, and it's not subprime.

Because I saw many banks requiring 3 years of address history before allowing you to get a current account, I was wondering if it were a requirement set up after June 2017 (which is when I got my first current account here in the UK). Barclays will require 3 years of history, Lloyds requires either 3 years of history or 2 UK addresses.

Rather than checking each and every lender, I tried asking here in case somebody knew and could point me in the right direction.

[Deleted User]

gionnetto wrote: »

You just can't help trolling, can you?

Try and set up an account with Nationwide online, and you'll see the requirement. In other words, actually gather information before speaking up and playing expert.

Cheers.

I already have an account with them (successfully) so have no need to apply again

[Deleted User]

gionnetto wrote: »

My score is fine.

How do you know?
Are you privy to their commercially sensitive lending criteria?
Or are you bolstering your CRA score again?

Chino

!!! wrote: »

I can't see anywhere that NW stipulate 3 years of address history?

For Nationwide's FlexAccount:

"To make your application as quick as possible, you'll need your address details for the last 3 years handy and also your employer's address if you're employed."
https://nationwide.co.uk/products/current-accounts/flexaccount/apply#tab:Howtoapply