No Previous Out-goings

uberteeb

Good evening, a simply question, I stayed at home throughout uni (so I could save up to go travelling afterwards) and have now landed myself a fairly well paid job, I intend to have a 20% deposit for a flat by Spetmeber/October this year.

However I have no montly out-goings because I stay at home. I have no direct debits, even my mobile phone is a deal through my mum being a Virgin media customer. I literally have no regular payments coming out of my bank account.

Whilst that may seem like a dream come true to some, is it going to look bad when I try and get a mortgage?

Any help much appreciated.

PS - I have used credit cards a fair bit in the past and always paid them back on time if that makes any difference.

TMSL

no you will be fine , sounds like you have had credit and repaid it.

g_attrill

It should be fine, do you still have the credit cards? If so then it's worth keeping spending on them, just make sure you have a DD to pay off the whole balance every month.

Also make sure you are on the electoral roll.

getmore4less

Put everthing you can on a CC and pay in full each month.

With no experience of paying bills you need to plan ahead.

Do a SOA based on buying and moving into a house.
http://www.makesenseofcards.co.uk/soacalc.html

A lot of the SOA will be estimates but give you an idea of what the costs will be.

When applying for a loan his SOA will show you and a lender what you can afford.

switched_off

Lucky you, well done.

You will be fine, a brokers dream.

uberteeb

Thanks a lot guys, I'm still at the beginning of the whole process and dont know a great deal about it yet, I was just sitting on the train when this struck me as a potential problem so thought I would ask on here.

Much appreciated.