‘Has Equifax scuppered our transfer?’
My associate and I are hoping to maneuver home. We had a mortgage provide from Halifax which allowed us to switch our stability at our present rate of interest and borrow extra at a better charge. By transferring our mortgage to our new residence we keep away from any early reimbursement fees.
This was all shifting ahead when all of a sudden Halifax revoked its provide, citing a difficulty with my associate’s credit score rating. It gave us a brand new provide, for £80,000 much less, which prevents us shopping for the home.
The credit score businesses we had checked on the level of software confirmed a credit score rating of 999/1,000. Our mortgage dealer defined that Halifax makes use of Equifax, so my associate checked his Equifax ranking and located that his credit score rating was 721/1,000 due to