Credit Scoring

[dozzer1975]

I am in the process of a mortgage application. I have a large default of �6000 on my credit file which was a car finance deal that went wrong in 2001. I have been advised by my mortgage broker that Abbey will provide me with a mortgage even with the default. I have been credit checked and approved with them 3 times now. Can they still refuse me a mortgage even though I have been approved 3 times?

[ian.miller]

Yes, because until you sign up to an agreement it isn't binding, all offers usually have a "valid for" clause.

But if they have done it 3 times then it is unlikely they will change their mind if everything is else is the same, but they are more than entitled to if they want.

[j4avd]

they have approved you 3 times, and will stick to what they have offered, dont get too many searches on your credit file, any above 6 searchs in 6 months will make lenders uneasy making them reject you