I'm very confused. I stopped contracting last June and put my company into MVL. In August my husband and I successfully arranged a buy to let mortgage to buy a house. The MVL final distribution was made to me in November and finalised. A couple of weeks ago we went to open a Natwest platinum select account and we were turned down! My husband already had a personal account so he upgraded that one instead and added me to it, which got us round it, so I sort of forgot about it.
Then yesterday we applied for another buy to let mortgage in principle with the same lender as before with all the same criteria and we have been declined again! I got my Experian credit report and my personal rating is 999 - Excellent! The MVL is the only thing that has changed - it doesn't appear on my report anywhere but could it come up in other searches banks do?
My husband's credit report is just as good as mine and he's a permie and was accepted for the Natwest account so all guesses are that it's me that's the problem.
As we have been told numerous times that an MVL won't affect personal credit, I would welcome advice as to whether the company I used could have done something wrong when they filed to cause this? Or is the advice we've been receiving incorrect after all?
Then yesterday we applied for another buy to let mortgage in principle with the same lender as before with all the same criteria and we have been declined again! I got my Experian credit report and my personal rating is 999 - Excellent! The MVL is the only thing that has changed - it doesn't appear on my report anywhere but could it come up in other searches banks do?
My husband's credit report is just as good as mine and he's a permie and was accepted for the Natwest account so all guesses are that it's me that's the problem.
As we have been told numerous times that an MVL won't affect personal credit, I would welcome advice as to whether the company I used could have done something wrong when they filed to cause this? Or is the advice we've been receiving incorrect after all?
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