We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Morgage Criteria
chugalongzoe
Posts: 41 Forumite
Hi all
Ok I'm a FTB and need some advice. I have a 15% deposit and looking at getting a morgage. I just need to know what is the criteria for getting a morgage? Do you have to have a credit card in order to get a morgage? Also my partner only has a building society is that going to be a problem? He has a Nationwide cash card but it don't have a overdraft. He doesn't have a debit card at all. Both of us have never had any debts or late payments.
Anyones help would be much appreciated.
Zoe
Ok I'm a FTB and need some advice. I have a 15% deposit and looking at getting a morgage. I just need to know what is the criteria for getting a morgage? Do you have to have a credit card in order to get a morgage? Also my partner only has a building society is that going to be a problem? He has a Nationwide cash card but it don't have a overdraft. He doesn't have a debit card at all. Both of us have never had any debts or late payments.
Anyones help would be much appreciated.
Zoe
0
Comments
-
No - you do not need a credit card
Building society account - not a problem
No overdraft - not a problem
No debts or late payments - good
What some lenders might say is that you do not have enough credit history on which tehy can base a decision. However a decent broker would know which lenders to approach if that was the case.
Have you got up to date copies of your credit files from eitehr Equifax or Experian?
Well done on the 15% deposit!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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards