Do all lenders do a second credit check?

jazzyja

Hi, do all lenders do a second check before completion? Mainly TSB? 
Also, question regarding my application....
Each month i pay a small amount back to my employer which is on my wage slip (comes out with tax etc) because they overpaid me some annual leave a few years ago and I didn't realise. I owe approx 1k. I completely forgot about it as it automatically just comes out and lender has asked what it is. I explained to broker that I completely forgot and its due to an error my employer made and now I'm paying it back. Its only £20 a month. Do you think theyl frown at the fact I didn't declare it? Thankyou

FaceHead

You'll be fine - people make honest omissions all the time, and I'm sure they see much worse deliberate omissions, and more significant benefits etc. people have deductions for on their payslips.

Worst case they'd adjust what they will lend downwards by c£1,000 (£20 x 12 months x 4.5 multiple of salary). 

No second check here from Barclays. Is there some reason you are worried by a second check?

[Deleted User]

All lenders reserve the right to do another check.  It would usually only be prompted by some information that there has been a material change to your circumstances and they haven't been notified.

Only times I've seen it is when someone had a ccj registered post offer, or someone took a large car finance.  Lender gets notified of a change so goes to have a look

jazzyja

FaceHead said:

You'll be fine - people make honest omissions all the time, and I'm sure they see much worse deliberate omissions, and more significant benefits etc. people have deductions for on their payslips.

Worst case they'd adjust what they will lend downwards by c£1,000 (£20 x 12 months x 4.5 multiple of salary). 

No second check here from Barclays. Is there some reason you are worried by a second check?

Ahh ok that's good to know. I am a worrier!

Well I wanted to get some furniture on my next account (0% for 4 years) if/when mortgage offer comes. I literally need new everything! So wanted to see of its worth just waiting. 
Also In a battle with EDF at the minute as they're charging me for a tariff I didnt agree to....so now I owe them and worried they're going to put a missed payment on my account whilst I argue it. Im just worrying about everything 

K_S

jazzyja said:

FaceHead said:

You'll be fine - people make honest omissions all the time, and I'm sure they see much worse deliberate omissions, and more significant benefits etc. people have deductions for on their payslips.

Worst case they'd adjust what they will lend downwards by c£1,000 (£20 x 12 months x 4.5 multiple of salary). 

No second check here from Barclays. Is there some reason you are worried by a second check?

Ahh ok that's good to know. I am a worrier!

Well I wanted to get some furniture on my next account (0% for 4 years) if/when mortgage offer comes. I literally need new everything! So wanted to see of its worth just waiting. 
Also In a battle with EDF at the minute as they're charging me for a tariff I didnt agree to....so now I owe them and worried they're going to put a missed payment on my account whilst I argue it. Im just worrying about everything 

@jazzyja

1. If you can, do wait till completion before applying for any new credit, including 0% furniture finance.

2. If EDF shows up as an account on your credit report, consider paying the amount and then continue disputing it through a formal complaint. Once a missed payment marker goes on the report, even if EDF are in the wrong it will take a few weeks at least to correct.

jazzyja

K_S said:

jazzyja said:

FaceHead said:

You'll be fine - people make honest omissions all the time, and I'm sure they see much worse deliberate omissions, and more significant benefits etc. people have deductions for on their payslips.

Worst case they'd adjust what they will lend downwards by c£1,000 (£20 x 12 months x 4.5 multiple of salary). 

No second check here from Barclays. Is there some reason you are worried by a second check?

Ahh ok that's good to know. I am a worrier!

Well I wanted to get some furniture on my next account (0% for 4 years) if/when mortgage offer comes. I literally need new everything! So wanted to see of its worth just waiting. 
Also In a battle with EDF at the minute as they're charging me for a tariff I didnt agree to....so now I owe them and worried they're going to put a missed payment on my account whilst I argue it. Im just worrying about everything 

@jazzyja

1. If you can, do wait till completion before applying for any new credit, including 0% furniture finance.

2. If EDF shows up as an account on your credit report, consider paying the amount and then continue disputing it through a formal complaint. Once a missed payment marker goes on the report, even if EDF are in the wrong it will take a few weeks at least to correct.

They don't show as an account. But will they is a missed payment marker goes on? The payments they're wanting are so high. But il have to find means of paying until its sorted 

FaceHead

Whilst some furniture finance is unlikely to upset your mortgage (and might not even be discovered) it's just not worth it. Wait until your solicitor tells you you have completed, and then apply for credit.

Getting your mortgage pulled could cost you your survey and solicitor fees, or worse leave you unable to complete after exchange. The alternative is to not have furniture for a few weeks, so go on Freecycle and see what you can get as temporary. A small discomfort to get your own first home. Congrats in advance.