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Recently opened up a joint bank account with another investor only to find out he has "adverse credit". I did obtain his credit report prior to doing so and his credit score was average. I did notice he had a couple of late payments back in 2013 but i didn't think anything off it. It recently come to light when my mortgage broker was trying to apply for a decision in principle in our joint names to find out he is being branded as "adverse credit". My broker advised me to close the bank account immediately and so i have done. The account was only active for about 12 days
Hi I'm trying to purchase a property on a joint residential mortgage with my wife as our main place of residence to live, in London. However, due to an unfortunate mistake my wife's credit scoring has been ruined. We moved house in July 2014. Unfortunately, we forgot to update our address with my wife's credit card. Therefore, we didn't receive any statements and after six months of defaults (on £70 going up to £126 with the penalty charges) her account was defaulted and closed in Dec 2014. I'd like to know if there are any mortgage broker members within the forum, or anyone who's