what info will i need?

Question

i am getting a credit check today with the bank i have had my mortgage with for five years, i want to borrow 30k to clear my debt, my property is worth 170k and i owe 72k on it. due to all my debt, my credit rating will not be very good. what paperwork will them want from me if any. i have never missed a payment nor have i ever paid late. i need to know whether my payslips wil be enough, or will they want bank statememts as well

Answer 1

you dont need to just stick to your bank especially if you have a good credit rating you apply for a consolidation loan on loanlands.co.uk as their customer service is second to none and they get some great deals - but you should only need payslips

Answer 2

Hi there, Credit rating is more affected by defaulting than anything - if you have never been sued, taken to county court or subject to a bailiff order, you should be fine. The mere fact of having borrowed lots of money is a good sign to a bank, if your history says you always make your payments. As long as you have paid up, with your amount of equity to play with, should be no problems at all and minimal paperwork required - no need for statements.
Cheers, Steve.

Answer 3

For anyone to carry out a credit check on you all they need is your full name, D.O.B and address. As you already have a mortgage most of your info will already be on their system and show any debts or defaults which you are saying you don't have. Don't panic it's all pretty straight forward and usually done in front of you. I hope you get what you need. Good luck !!!!