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Proving that you don't have something that the lender suspects that you do is quite challenging!
Fortunately, I'm guessing you were able to get a credit card statement to correspond with the payment?
Acliff-
Exactly. Quite simple to do although if it wasn't for our broker having a daily catch up with the underwriter through the process the lender would have declined on the spot without giving us a chance to prove it.
Our broker spoke to the underwriter daily because the lender was known to do this sort of thing and the broker knew from experience to speak to them that regularly.
Using our broker got us an interest rate of 1.49%. I'm not sure how easy that would have been if we had gone solo direct to high street lenders.
Stonehedge
Sure, thats a scenario that happened all the time.
What happened for us was that the lender saw a monthly DD payment for the full balance of the credit card and then saw a bank transfer to a credit card (didn't show account number of card on statement) so the lender decided that my wife had a second credit card that wasn't on her credit report and that she hadn't declared on the application.
Their finger was hovvering over the decline button and we had to prove beyond doubt that the bank transfer was to the same credit card that the DD payments were going to.
Balance was paid in full every month for last 3 years.