Mortgage Lenders Who Only Use Experian

[barrydidit]

2012 was a long time ago that lender may have changed by now. Its something i would need to check.

Maybe, but I doubt they'd tell you. We certainly didn't tell the majority of the project team what data we were using for scorecards and whatnot. It's commercially sensitive stuff.

Halifax need 2 years books, i only have 16 months.

They needed 30 days remaining contract, plus my CV less than 2 months ago I'd say that tallies with what Martin has suggested re 2 years experience.

I'm sure your contractor mortgage broker will be able to explain the shifting sands of different lenders requirements.

[revelator1969]

It does? Even one of the contractor products? I thought I had just over a year when I got mine.

Give John Yerou at Freelancer Financials a bell. The doesn't sound right for the Halifax but even if it is they will be able to go find you a product to suit.

I will give them a try and see what they say, hopefully they can help. I maybe should have mentioned im not in the IT industry so maybe that also goes against my acceptability for lenders.

from Freelancers Financials website regarding the halifax contractor mortgage 'Contractors on their first contract must have history in the same profession for at least 2 years;'

[revelator1969]

Maybe, but I doubt they'd tell you. We certainly didn't tell the majority of the project team what data we were using for scorecards and whatnot. It's commercially sensitive stuff.



They needed 30 days remaining contract, plus my CV less than 2 months ago I'd say that tallies with what Martin has suggested re 2 years experience.

I'm sure your contractor mortgage broker will be able to explain the shifting sands of different lenders requirements.

ok many thanks for your feedback

[Lance]

Yes it seems some or most lenders do use more than one reference agency.

I cant go into the details on a public forum but im hoping my letter to the FOS will gets things rectified. In the meantime i just need to work with what i have. If i find a lender who uses Experian only then i should get accepted. I dont have time to wait.

I'm pretty sure that the ombudsman is only interested after you've exhausted all other avenues directly.

[SueEllen]

I have written to the FOS to get the details corrected but this may take time.

The FOS has nothing to do with this I'm afraid.

It is a data protection issue.

The credit reference agencies who the lenders rely on have nothing to do with the FOS.

You need to complain to the company - who may not be a financial company - to get your file corrected using the Data Protect Act.

I suggest you go to the site of the Information Commissioner and have a read so you mention the right part of the act in your complaint letter. Make sure you send the letter by at least recorded delivery and keep the receipt.

I had to do this with a telecoms company a few years back. They put tulip on my file linking me to other addresses.

[revelator1969]

I'm pretty sure that the ombudsman is only interested after you've exhausted all other avenues directly.

Yes maybe, i will find out soon enough. If they cant help i will pursue other avenues.

[revelator1969]

The FOS has nothing to do with this I'm afraid.

It is a data protection issue.

The credit reference agencies who the lenders rely on have nothing to do with the FOS.

You need to complain to the company - who may not be a financial company - to get your file corrected using the Data Protect Act.

I suggest you go to the site of the Information Commissioner and have a read so you mention the right part of the act in your complaint letter. Make sure you send the letter by at least recorded delivery and keep the receipt.

I had to do this with a telecoms company a few years back.

Many thanks for your reply. It looks like i done the wrong thing. I will follow your advice. I will get a complaint letter written and hopefully get the information corrected.

[northernladuk]

I will give them a try and see what they say, hopefully they can help. I maybe should have mentioned im not in the IT industry so maybe that also goes against my acceptability for lenders.

from Freelancers Financials website regarding the halifax contractor mortgage 'Contractors on their first contract must have history in the same profession for at least 2 years;'

Same profession. Doesn't matter about style of engagement.

[revelator1969]

Same profession. Doesn't matter about style of engagement.

Halifax need 2 years books. I called Nationwide, it seems they require 2 years books also.

[SueEllen]

Halifax need 2 years books. I called Nationwide, it seems they require 2 years books also.

Most of them require two years books which is why you are advised to go to a specialist contractor mortgage broker.

They are use to dealing with contractors regardless of the profession.

Btw there are different ways of calculating a mortgage which is why using a broker is likely to get what you want.