Mortgage & credit issues

[Dawg]

I'm a potential first time buyer - work for the local council under self employed status - regular income etc.. I have seemingly no credit issues - I don't owe a bean to anyone. I've made an offer on a £120k house and have £40k deposit.


The building society have mentioned that a credit issue has come up but are as yet unspecific.

The only thing it could be was that I bought a domain name from 1&1 in 2013 and never used it - £14.

This year they made a demand for renewal - I didn't want it so explained to them that I wasn't renewing. Another demand came - to which I replied - it was then sent to a creditor - I rang up 1&1 and they said I had to cancel by phone before the due renewal date.

I paid the creditor £30 -


Would this really affect my chances?!


That's my only credit issue I can think of...


If they say 'no' - could I get a joint mortgage with my brother?



Thanks in advance

[Dawg]

I registered with experian last night, however the pin code is being sent by snail mail, ffs...


I use a Natwest credit card twice monthly but not excessively and have recently registered on the electoral roll in the town I'm currently renting a property in.. Might be a combination of all three... Still waiting to hear from building society.


Using credit. Damned if you do, damned if you don't ...

[Dawg]

Thanks. It's with the Cumberland Building Society. They've been ok as of now.

The whole credit thing seems absolute madness to me. I've never been in serious debt - always paid off what I owe, never really gone into my overdraft facility. Always lived within my means, yet I still get penalised.

[Dawg]

True - however the fact that I've lived my life without having seriously gone in the red, payed rent and saved a £40k deposit surely must count for something?!

[Dawg]

Sorry - your first question

I went with the Cumberland because a friend who was also self employed and had great difficulty with other lenders went there and was eventually successful. I'm asking to borrow less and am in a better position as regards regular income so I thought it'd be a doddle.

But no....

[Dawg]

Turned out it was an ID issue..

Still not been told if I've been accepted.. Just checked experian and my score is 927... With a £40k deposit, and proven regular income despite being self employed, I'm hoping the sun will shine my way this week...