Mortgage Application - Late Payment Mark from EE!!!
Discussion
Looking at a starting the FTB mortgage application process towards the end of this year, and I have managed to obtain a late payment mark from EE on my credit file, on an out of contract, sim only account I have with them on a second phone, for some additional spend that wasn't covered by my direct debit, in May of this year.
It's been brought up to date, but they refuse to remove the marker, despite not making me aware of the outstanding balance in any way whatsoever. Infuriating but I suppose I have to take responsibility.
Has that completely snookered me now for a decent Mortgage this year?
It's been brought up to date, but they refuse to remove the marker, despite not making me aware of the outstanding balance in any way whatsoever. Infuriating but I suppose I have to take responsibility.
Has that completely snookered me now for a decent Mortgage this year?
i’m worried that it will.... especially in the short term i.e this year. From researching this, maybe if it’s over one year old then not so much, but I think for some lenders it’s a problem!
It annoys me as its not even a “credit agreement” or a contract. Just a monthly rolling payment... and they also failed to let me know anything was outstanding.
I’m sure Sarnie knows the way round it... he’ll be getting a call later in the year
It annoys me as its not even a “credit agreement” or a contract. Just a monthly rolling payment... and they also failed to let me know anything was outstanding.
I’m sure Sarnie knows the way round it... he’ll be getting a call later in the year
Spidersleg said:
Does a late payment mark of a few quid really make a difference to a mortgage application? I have no idea and am curious as it sounds pathetic.
If its affected their credit score it could well do. Also some lenders may well have tightened up their lending policy in recent months so that one late payment could be outside of their lending policy. Also look at it from the other side, would you potentially want to lend tens or hundreds of thousands to someone who couldn't pay that few quid?
To answer the OP's question, maybe depending on lender, credit score etc but Sarnie would be the first port of call if you need a decent introducer.
Killer2005 said:
If its affected their credit score it could well do. Also some lenders may well have tightened up their lending policy in recent months so that one late payment could be outside of their lending policy.
Also look at it from the other side, would you potentially want to lend tens or hundreds of thousands to someone who couldn't pay that few quid?
To answer the OP's question, maybe depending on lender, credit score etc but Sarnie would be the first port of call if you need a decent introducer.
@killer2005: many thanks! Also look at it from the other side, would you potentially want to lend tens or hundreds of thousands to someone who couldn't pay that few quid?
To answer the OP's question, maybe depending on lender, credit score etc but Sarnie would be the first port of call if you need a decent introducer.
@OP: it really depends on your circumstances as a whole, especially your LTV.........
Exactly the same thing happened to me, just as I was about to apply for a mortgage for our move. It halved my credit score overnight. Mine was with Halifax, but even taking it to the banking ombudsman didn't help. I doubt disputing it on your credit score will help, as the late payment did actually happen, even if you've now settled it.
Thankfully it didn't actually matter in the end, everything went through without an issue. I think they look over your whole record rather than just a minor blip. So I wouldn't worry about it too much, you may just have to explain the circumstance around the blip to your broker/bank.
Good luck with it.
Thankfully it didn't actually matter in the end, everything went through without an issue. I think they look over your whole record rather than just a minor blip. So I wouldn't worry about it too much, you may just have to explain the circumstance around the blip to your broker/bank.
Good luck with it.
PopsandBangs said:
i’m worried that it will.... especially in the short term i.e this year. From researching this, maybe if it’s over one year old then not so much, but I think for some lenders it’s a problem!
It annoys me as its not even a “credit agreement” or a contract. Just a monthly rolling payment... and they also failed to let me know anything was outstanding.
I’m sure Sarnie knows the way round it... he’ll be getting a call later in the year
It is a credit agreement and treated no differently to any other telecoms account like a contract with a handset or home broadband. They would have tried to take the direct debit and it would have failed due to it either being cancelled or there being insufficient funds. It annoys me as its not even a “credit agreement” or a contract. Just a monthly rolling payment... and they also failed to let me know anything was outstanding.
I’m sure Sarnie knows the way round it... he’ll be getting a call later in the year
If you failed to make the payment by the due date then it is a late payment and is relevant on your credit report so you may struggle to have it removed. I'm sure when I was moving banks my EE DD failed and I got a text to the primary number on the account advising me.
As Sarnie says though in the grand scheme of things it probably won't have much of an effect if the rest of the report is clear.
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