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    • Whumpie
    • By Whumpie 12th Oct 16, 1:35 PM
    • 15Posts
    • 0Thanks
    The "homeowner" question...
    • #1
    • 12th Oct 16, 1:35 PM
    The "homeowner" question... 12th Oct 16 at 1:35 PM
    I would appreciate some opinions on this: when making any application for credit there is some variation on the question about home ownership. The wording varies. Some ask about "residential status", which gives me a problem.
    I own a house. But I live elsewhere, in a rented one.
    If I answer "private tenant" it is technically true but doesn't give them the information I thin they are after, which I think is about equity and reliability.
    So - do I select "homeowner with mortgage" or "private tenant"?
    I like to be honest but I also don't want my application to fall foul of what may just be poor wording or even restricted screen space - no doubt getting a poorer score in the process.
Page 1
    • zx81
    • By zx81 12th Oct 16, 1:52 PM
    • 16,364 Posts
    • 17,400 Thanks
    • #2
    • 12th Oct 16, 1:52 PM
    • #2
    • 12th Oct 16, 1:52 PM
    I would select homeowner. As you say, it's more about stability and ability to repay.
    • Whumpie
    • By Whumpie 12th Oct 16, 2:27 PM
    • 15 Posts
    • 0 Thanks
    • #3
    • 12th Oct 16, 2:27 PM
    • #3
    • 12th Oct 16, 2:27 PM
    Thanks for that - it was the way I was leaning but I am aware of how dimly these things can be viewed by lenders. But in my mind I am giving them the information they are trying to ask for.
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