Credit check when you own a home, but not the one you live in.

MrD1979

Hi folks

I moved into my partners house and started renting out my own. I've lived in her house for over 3 yrs and just rent out my old one now as an investment. 

I'm applying for some credit but don't know how to answer the homeowner/renter question.

Yes I own a home, but if they want to run a check on the land registry or something, I'm not on the registry for my residential address. I pay my partner "rent", essentially.

I don't want to fail a credit check by default by putting in incorrect information and there is nowhere in the small print that defines what they mean.

Any ideas?

Thanks

CliveOfIndia

On the face of it I'd put down the address where you actually live - i.e. your partner's house.  Do you have a mortgage on your own house, if so what address do the mortgage company hold for you?

Lenders (other than mortgage lenders) are not really interested in the land registry details, it's more a case of you having a valid/genuine address where documents can be sent and where they can contact you if needs be.

MrD1979

CliveOfIndia said:

On the face of it I'd put down the address where you actually live - i.e. your partner's house.  Do you have a mortgage on your own house, if so what address do the mortgage company hold for you?

Lenders (other than mortgage lenders) are not really interested in the land registry details, it's more a case of you having a valid/genuine address where documents can be sent and where they can contact you if needs be.

Thanks. I have a mortgage on my other house and they have my partners house as teh correspondence address. They known it's now a landlord mortgage.  

CliveOfIndia

MrD1979 said:

CliveOfIndia said:

On the face of it I'd put down the address where you actually live - i.e. your partner's house.  Do you have a mortgage on your own house, if so what address do the mortgage company hold for you?

Lenders (other than mortgage lenders) are not really interested in the land registry details, it's more a case of you having a valid/genuine address where documents can be sent and where they can contact you if needs be.

Thanks. I have a mortgage on my other house and they have my partners house as teh correspondence address. They known it's now a landlord mortgage.  

In that case I'd definitely put your partner's address.  The one thing that may - possibly - cause an issue is if a lender sees you being registered at different addresses (one address for the mortgage, a different address for your mobile phone account, a different address for your utility bills, that kind of thing).  But if everything is already registered at your partners address then that's definitely what you want to put on the application form.

daisydoodlebug

I have a similar situation. I always just answer the specific questions they ask honestly.

If they ask residential status then I put Private Tenant not Home Owner as I don't own the house I live in. If they ask Are you a Home Owner I would say Yes because I do own one. They see my mortgage on files with all 3 CRA's and it's never caused me any problems.