FTB Mortgage Problems

pinksparkle_2

herbiesjp wrote: »

The fact you have cleared the debt will be good.

However your credit file will still have the "black marks" showing

And these will take time to drop off

As the otehr have said, who knows what the situation will be like in that timescale

What you should concentrate on it getting, your credit report as clean as possible.

Did you get advice from CAB about the DMP?

Thanks, whats a CAB..??

So do you think it wont be totally impossible to get a higher mortgage?

Is it true that when my fixed rate finishes with NR i will go straight onto the variable rate without a credit check?

Pinksparkle
x

beecher

pinksparkle wrote: »

Thanks, whats a CAB..??

So do you think it wont be totally impossible to get a higher mortgage?

Is it true that when my fixed rate finishes with NR i will go straight onto the variable rate without a credit check?

Pinksparkle
x

Citizens' Advice.

No-one can tell you if it is possible or impossible. We don't know whether you will be debt free, with a 10% deposit and an improved credit score by then. We also don't know what lenders' criteria will be. All you can do is do your best to pay off all your bills, and not miss payments or get into arrears in the meantime.

You will go straight onto the variable rate without a credit check when your fixed rate ends, as per your mortgage agreement.