prefect credit report but still rejected

widyboy

Looking for some advice.

Both my Wife and I and high earners with a combined income of over £180K. We have just paid over 50% of the mortgage. So, we have plenty of equity. We have no credit cards or loans, and never use our overdraft. Both have had stable jobs for over 10 years each.

3 months ago, we applied to our mortgage providers for money for an extension. This was rejected at the credit report stage.

I checked our credit reports with Experian, no issues. Check Equifax, and I havea  CCJ from 2.5 years ago for a parking issue. This was paid the same day of finding it (3 months ago). Looking into the CCJ it was issued to my old address. At the start of September, this was set aside with the court. This is now removed from all credit reports.

No changes to finances and now have each got  perfect reports with all of Experian, Equifax, and TransUnion with no history of the CCJ.

We reapplied today and were rejected again at the credit check point. It has now been passed to an underwriter for review.

I have sent them the court letter, the consent order, and all 3 of our credit reports.

What are my options as I can’t see any issues with any credit reports?

widyboy

Looking for some advice.

Both my Wife and I and high earners with a combined income of over £180K. We have just paid over 50% of the mortgage. So, we have plenty of equity. We have no credit cards or loans, and never use our overdraft. Both have had stable jobs for over 10 years each.

3 months ago, we applied to our mortgage providers for money for an extension. This was rejected at the credit report stage.

I checked our credit reports with Experian, no issues. Check Equifax, and I havea  CCJ from 2.5 years ago for a parking issue. This was paid the same day of finding it (3 months ago). Looking into the CCJ it was issued to my old address. At the start of September, this was set aside with the court. This is now removed from all credit reports.

No changes to finances and now have each got  perfect reports with all of Experian, Equifax, and TransUnion with no history of the CCJ.

We reapplied today and were rejected again at the credit check point. It has now been passed to an underwriter for review.

I have sent them the court letter, the consent order, and all 3 of our credit reports.

What are my options as I can’t see any issues with any credit reports?

Isthisforreal99

I'm very surprised that the CCJ's have been removed from your Credit File already if the set aside was only granted less than 3 weeks ago. Are you 100% sure?

If it's not the CCJ causing rejection then there is something else about your finances the lender doesn't like.

Age, current mortgage, other borrowings?

widyboy

Yes, I have my reports when it was on record, and the reports today without it.

both early 40s, no other borrowings, no issues with our mortgage. Over 50% paid off 

Ayr_Rage

Sounds like a lack of credit history is the issue, not easily fixed in the short term.

widyboy

We have had loans, and CC is the past (no missed or late payment), but no need for them now

born_again

Could it be the location of property, it's energy efficiency or such.
As some lenders change their lending policies to reflect the above.

born_again

https://forums.moneysavingexpert.com/discussion/6629808/prefect-credit-report-but-still-rejected#latest

widyboy

born_again said:

Could it be the location of property, it's energy efficiency or such.
As some lenders change their lending policies to reflect the above.

The house was built in 70/80s. An extension was added by the last owner. Others in the street have extended so no reason to think that would be the case. 

Isthisforreal99

widyboy said:

We have had loans, and CC is the past (no missed or late payment), but no need for them now

In the past = ? Months, years?

Whether you need it or not it's recommended you keep a credit facility to maintain your credit history. A credit card paid in full each month would do just that.

born_again

Isthisforreal99 said:

widyboy said:

We have had loans, and CC is the past (no missed or late payment), but no need for them now

In the past = ? Months, years?

Whether you need it or not it's recommended you keep a credit facility to maintain your credit history. A credit card paid in full each month would do just that.

I would guess OP pays utilities via DD which keeps credit history active.