Can you get a mortgage with a blank credit file ?

[Talay]

If you have been off radar for some time and the only thing on your credit file is a multiple year history of the electoral role, can you still get a mortgage ?

Assume here 25% deposit, 3 x income.

I suppose the question is whether having nothing bad is not enough and if so, just how much positive stuff do you need ?

[mgfboy]

Re: Can you get a mortgage with a blank credit file ?

Thats shouldn't be a problem at all, remember in the end they have a first charge over the house so they are a little more laid back by lack of history as long as you are on the electoral role and can prove income.

[CleverClogs (RIP)]

Re: Can you get a mortgage with a blank credit file ?

If you have been off radar for some time and the only thing on your credit file is a multiple year history of the electoral role, can you still get a mortgage ?

Assume here 25% deposit, 3 x income.

How do you have three jobs?

Or are those income streams from each of your wives?

[Talay]

Re: Can you get a mortgage with a blank credit file ?

How do you have three jobs?

Or are those income streams from each of your wives?

Very good !

I wish it was me sitting in the chair with 3 wives putting envelopes of filthy lucre into my sticky mitt but alas it is just looking at a not very high income to mortgage multiple.

I am not sure they would like a 95% LTV and a request of 5 times salary. In any case, the interest rates on such a loan would be massively high.

[CleverClogs (RIP)]

Re: Can you get a mortgage with a blank credit file ?

Oh, you meant you'd wish to borrow thrice your income.

I've never had a mortgage and nor, for that matter, had my parents.

[Never-In-Doubt]

Re: Can you get a mortgage with a blank credit file ?

I've never had a mortgage and nor, for that matter, had my parents.

flash b'stard

[SXGuy]

Re: Can you get a mortgage with a blank credit file ?

i got accepted in principle with northern rock and santander (eventually accepted santander mortgage)

Im self employed, only needed to show income from last two years.

My wife is on PAYE, she only needed to show 1 payslip proving her monthly pay.

We got a mortgage for 180,000 with just 12% deposit.

The only thing on my credit file is the electoral roll, and car finance repayments.

Hope that helps.