Credit Checking / File Access: Mortgage

[exRAF]

My partner has bought a house and today received a call from the mortgage underwriters. I should add it is a sole application in her name (I have poor credit through ill health) and she saved her deposit on her own, and will pay the mortgage on her own. I will however live there. They asked if anyone would be living with her, and who I was (there are cash transfers to me on her bank statements she had to submit). She explained that I would be, and they asked for my D.O.B and name.

 

I am under the impression they cannot look at my CRA without either my permission, or having a legitimate reason to do so. For example, joint application, monies owed etc. Is this the case? I'd hate to see her denied at the last hurdle because of me.

[BRIGADIER2JCS]

Hi, No there is no reason for them to check

on you.

I cannot think of any reason at all.

If an individual has a mortgage the

only restriction or requirement to

inform the mortgage company would

be if you intend to let rooms, as this

is between you and your partner there

is no relevance at all.

 

Brig.

[exRAF]

Hi, No there is no reason for them to check

on you.

I cannot think of any reason at all.

If an individual has a mortgage the

only restriction or requirement to

inform the mortgage company would

be if you intend to let rooms, as this

is between you and your partner there

is no relevance at all.

 

Brig.

 

Thanks Brig,

 

Would I have legal recourse if they did indeed check my file etc? I've browsed the 'net for answers and the only close answer is from the forums over on Money Saving Expert where, as I'm sure you'll agree, they have a very dim view of debt, even though it's nothing to do with my partner.

[BRIGADIER2JCS]

Unless you have made an application that

allows for credit checks there is no reason

to credit check you.

I think you are on safe ground.

Your partner is of course entitled to

know why they wanted to know who

would be living with her.

 

brig.

[Gaston Grimsdyke]

Why do you think they want to credit search you? Seems to me they are asking because as an adult occupier you might have an interest in the property so they need to make sure they get priority over you in case they ever need to repossess. They will make you sign a notice postponing any rights you may have in favour of them - they have no interest in whether you are creditworthy or not. Basically if you don't execute the waiver she won't get the mortgage.