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Adverse credit file

Last post Sat, May 05 2012, 12:21 PM by Elsol. 2 replies.
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  •  Sat, May 05 2012, 12:21 PM

    Re: Adverse credit file

    Thanks huckster.
    • Post Points: 5
  •  Sat, May 05 2012, 12:19 PM

    Re: Adverse credit file

    If they don't have anything joint financial wise, then she should phone Equifax and find out how to go about removing her partner as a financial associate.Remember that credit records can vary and the information may be on more than one. She might also want to make enquiries with Experian and Call Credit as well.

    In regard to a mortgage application, this could still be affected by a partner who has been in financial difficulty. If he had loads of debts, CCJ's or any bankruptcy/insolvency issues, mortgage underwriters may see this as a risk. It is not about the house, as he has no interest in that, but your daughter could have difficulty repaying the mortgage, if she felt obliged to help him with his debts.

    I am not an expert on mortgage underwriting, but having worked in financial services, I have come into contact with such issues. There are a couple of independent mortgage brokers who post to this site, so they may have a more expert opinion.

    • Post Points: 20
  •  Sat, May 05 2012, 11:51 AM

    Adverse credit file

    Daughter is looking to buy a house in her own name. Applied for mortgage in her own name. Has been turned down due to adverse credit record of her partner (he appears on his Equifax file as financial associate) although he is not being included on title deeds or in mortgage application. Is there a way round this?
    • Post Points: 20