Credit rating for loan application expiry

[The Dark Knight]

Hi everybody I've put down a .25% deposit on my 10th property(finally double digits before Christmas and the whole industry kind of goes down for a while but my conveyancer has been arguing some of the special conditions for a good month and a bit and now who I had the loan approved by has said that it has expired so I have to reapply. Will this effect my credit rating and is this normal for conveyancers to take this long to sort out special conditions? Also what sort of turnaround am I looking for the reapplication been approved as they have now sorted the issue and want to exchange asap and I don't want to until finance is unconditional obviously?

 

[Terry_w]

Yes it will mean a new credit hit probably and this will affect your credit score - but not in a big way.

Negotiating special conditions should take days not months. Christmas may have slowed things down, but not that much.

 

[Peter_Tersteeg]

If you apply with the same lender, it's not going to be a big deal. Even if it is, it should be fairly easy to get an exception based on the previous approval.

 

[Jamie M]

Which lender is it with?

Cheers

Jamie

 

[The Dark Knight]

Its with St George. I guess this is what happens when two useless conveyancers are involved. StG already did the reapplication which was good as exchange of contracts is Monday.

 

[The Dark Knight]

Whilst we are on the topic of credit rating I may have secured another parking fine from the local council lol with my old council I never paid any fines and they were never put on my credit file and nothing happened apart from a few reminder notices about 4 yrs ago I don't particually want to pay this one as I was parked out the front of my house. Ive contacted the council and even though its my car and I own were im living they are still trying to get me to pay it. Should I continue fighting aka never pay it or will it affect my credit rating?