Me, my brother and our 2 partners are looking to take out a 4 person mortgage on our first property together. We've found a place at a good price and so booked in to see the mortgage advisor and get an aip. We found out soon after we had passed and appointed the solicitor. Now the hard part, after much debacle and the advisor going on holiday for two weeks we got back in to sign the final application as we passed the aip 3 weeks prior. Now after 3 weeks our application was rejected. Now during the application the advisor didn't understand why the form hadn't auto filled out but went ahead and filled in the form anyway.
After leaving i have checked my credit score the next morning and I chose to ring experian who seem the most reliable and they have informed me that the mortgage advisor has actually accidentally submitted a further 2 applications in our names as if we were buying multiple properties which were then all rejected and as such we now have too many declines on our names. Experian have stayed it can take up to two years for a decline to leave your name. We tried to ring the estate agent before they closed but couldn't get through so have to wait till tomorrow now.
What can be done in this situation. I know credit score is a pretty rigid thing so even with human error it can't be corrected all that easy. What bits and pieces do we need. To arm ourselves before going in tomorrow or is it fighting a loosing battle?
Read more: Mortgage declined due to 2nd application?
