I recently applied to 'top up' my lombard loan, having already received my experian report which read ok to me, no defaults, no missed payments all fine. I was declined, and was really shocked, obviously they can't tell me why but she did say it might be because our mortgage payment is higher than my income. I applied as a single applicant, and they did ask for my mortgage payment, even though it comes out of my husbands account and I know they have to take that into account as it is joint. However, hubby takes home £2800 per month and our mortgage is £900 and I take home £888 per month. What i dont understand is that my husband can easily cover the mortgage and it wasn't in a joint application yet she thinks this is the reason. Could anyone maybe try and explain this to me, there is no point me getting my experian as i already have it. All i wanted to do was to consolidate my existing credit cards into one payment and i naively thought i would have no problem.
Many Thanks