We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
mortgage
Options
tesss111
Posts: 16 Forumite
Can anyone give me some advise please.
My partner and I are considering getting a mortgage together. I have a clear credit file. He has no credit and all. He is not on the electrol register anywhere and is aware he needs to get on the electrol register to increase his credit score.In Nov 2003 (this will drop off credit file next year). he split from his partner and ended up with 6 months of arrears. The mortgage has been redeemed and was satisfied in full. But the arrears do show on his credit file. Will this affect a new mortgage or will the mortg company just see it as satisfied.
Would appreciate your input.
PS Wheres the best mortgages??..best rates??...Is there any available mortgages at the moment??...
My partner and I are considering getting a mortgage together. I have a clear credit file. He has no credit and all. He is not on the electrol register anywhere and is aware he needs to get on the electrol register to increase his credit score.In Nov 2003 (this will drop off credit file next year). he split from his partner and ended up with 6 months of arrears. The mortgage has been redeemed and was satisfied in full. But the arrears do show on his credit file. Will this affect a new mortgage or will the mortg company just see it as satisfied.
Would appreciate your input.
PS Wheres the best mortgages??..best rates??...Is there any available mortgages at the moment??...
0
Comments
-
What property prices are you looking at?
What deposit do you have?
The arrears could cause a problem with some lenders, however being that old, they should not have as great an impact as if it were more recent
Plenty of mortgage to choose from - you need to fit the critieria of the lenders though which is getting more and more tricky at present.
And that will establish what deals/rates you will be able to go for.
It sounds like you may benefit from the help of a whole of market mortgage adviser to steer you towards the best rates for youI 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 -
I currently have a mortgage in my own name valued at 157000 current mortg 123,000. The house needs a little work doing on it and we want to clear both of our debt so want to raise further 10-17k.... ontop of the mortgage....
was thinking of both of us going on a tracker mortg we earn total of approx 43k p/a0 -
p.s do all mortgage advisors charge? How do i know who to go to??...0
-
Do you mean you want to stay in the home you're in now and remortgage with him on it, or are you wanting to move into another property?0
-
Yes stay in the current house I have and remortgage with him on it...0
-
You have the cost of a transfer of equity but it can be done to add him on the mortgage
No - not all mortgage advisers charge
You can find fee free whole of market advisersI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards