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House broker
sokhanh21xn
Posts: 1 Newbie
Hi,
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 HSBC accounts weren't showing up.
HSBC initially told me 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 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 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!
Tks!
John.
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 HSBC accounts weren't showing up.
HSBC initially told me 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 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 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!
Tks!
John.
0
Comments
-
Is this a broker via the Estate agent?
Did the broker not check your credit reports, all of them before submitting an application? If not, find a new broer"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
What type of accounts are these HSBC accounts and why is it important that they show on your file?0
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