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    • saver772
    • By saver772 2nd Oct 17, 7:46 PM
    • 5Posts
    • 3Thanks
    saver772
    Advice please
    • #1
    • 2nd Oct 17, 7:46 PM
    Advice please 2nd Oct 17 at 7:46 PM
    Hi all,

    My partner and I are looking to buy our first home. We've found a house we love and have 10% deposit.

    My partner hasn't got a great credit history. She has a default dated November 11 which hasn't been paid, should we clear this ASAP? Will the debt drop off her credit file in November as it's been 6 years? The default is for about 1200, but has just been passed on to Dryden (?).

    My credit history is clean.

    A few questions:
    Are we likely to get a Mortgage?
    Should the debt be cleared ASAP?
    Will it be removed from her Credit file in November?
    Are we better waiting until November to apply for a mortgage to give us better chance of being accepted?


    Thanks
Page 1
    • ACG
    • By ACG 2nd Oct 17, 7:51 PM
    • 15,906 Posts
    • 8,148 Thanks
    ACG
    • #2
    • 2nd Oct 17, 7:51 PM
    • #2
    • 2nd Oct 17, 7:51 PM
    If you satisfy it or wait for it to drop off, you are going to stand a better chance of getting your Mortgage on the high street.

    You do not really give much information. At 95% LTV your options are going to be slim. At 85% you are going to have a handful of options.
    I am a Mortgage Adviser
    You 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.
    • saver772
    • By saver772 2nd Oct 17, 8:13 PM
    • 5 Posts
    • 3 Thanks
    saver772
    • #3
    • 2nd Oct 17, 8:13 PM
    • #3
    • 2nd Oct 17, 8:13 PM
    We have 17.5k for a house valued at 175k
    • saver772
    • By saver772 3rd Oct 17, 12:13 PM
    • 5 Posts
    • 3 Thanks
    saver772
    • #4
    • 3rd Oct 17, 12:13 PM
    • #4
    • 3rd Oct 17, 12:13 PM
    Anymore help please
    • wacky75
    • By wacky75 3rd Oct 17, 12:27 PM
    • 15 Posts
    • 14 Thanks
    wacky75
    • #5
    • 3rd Oct 17, 12:27 PM
    • #5
    • 3rd Oct 17, 12:27 PM
    if you're able to secure a mortgage in your name only then this is an option.
    i did this myself when my wife's credit score was low.
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