Joint Mortgage with one party post DMP
Kathryned
Posts: 2 Newbie
I'm 18 months post DMP with 'youngest' default 4 years old. My husband has a perfect credit score and history (my debts are from before we met & we have no financial association).
We currently rent and want to buy our own home. Will our combined history make it difficult to get a mortgage i.e. will high street lenders reject us?
We currently rent and want to buy our own home. Will our combined history make it difficult to get a mortgage i.e. will high street lenders reject us?
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Comments
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It will depend on how everything appears on your credit report and the finer details. If everything is 4 years old you should have options.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Definitely one for a broker. Get all your credit reports in a row and present them to a good broker who knows what they are looking for and what they are doing.I am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0 -
Being married creates an association. What yours is their's and what their's is yours.0
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Not necessary. If no joint accounts or credit are currently held.0
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Mortgage_Adviser wrote: »Not necessary. If no joint accounts or credit are currently held.
Married couples however can pass assets between themselves at will.0
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