This is something that Louis Corcutt, 26, and his partner, Jess, 28, now understand only too well. The pair have recently bought a home in Oxford, but their journey to property ownership was less than smooth. With a £50,000 deposit on a £299,000 house, and stable combined salaries of £55,000, all the signs looked promising. Mr Corcutt, who works in business development, said: “We went through a mortgage broker, who initially gave us a list of loans we could look at, so we knew what we could borrow and what we could afford.” After looking at some properties, the couple put down an offer on one they liked. When it came to arranging the mortgage, however, the provider they had earmarked as a potential option declined them on the basis of Mr Corcutt’s credit history.