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!
Are things on the up?
iwantoneplease
Posts: 194 Forumite
I recently posted all my credit details at the hope of some advice as to if I had a chance of getting a mortgage with the current climate and my credit rating as shown below.
Today I thought whilst I was at my bank paying in some cheques I would ask for a little advice, the Halifax mortgage adviser took all my details and checked my credit report I earn 25K and wanted a mortgage to buy my council house.
The good news is that even though I have 1 year left on a CCJ for £300+ (paid) and I owe about 9k on my car I was accepted as an A1 (I think he said) mortgage application and have been given a mortgage promise of £97,975... he said that unless my credit went down hill before I applied this would stand to say the least I'm so thrilled that things are finally starting to work out for me and that sometimes its worth biting the bullet and speaking to your bank I've had been advised by some that I wouldn't get mainstream credit for at least 2 years, thank god I looked into it for myself.
My situation (Credit report)
The below is information from my latest credit report
Number of credit accounts (including those settled) - 14
Amount of available credit (excluding mortgages) - £949
% of your total credit being used (excluding mortgages) - 36%
Amount of outstanding debt (excluding mortgages and defaults) - £9,708
Number of accounts overdue - 0
Number of missed or late repayments in the last year - 0
Number of times your credit report has been searched in the past 3 months - 1
Number of times your report has been searched in the past year - 14 (7 searched are for companies the rest are for credit reports)
Number of public information records on your report - 1
Number of Notices of Correction on your credit report - 1 in 2006 fully satisfied
Number of aliases (other names) and/or financial associations recorded - 0
Length of time you have lived at your current address - 9 years 3 months
Are you registered on the electoral roll at your current address - Yes
Account Information
J D WILLIAMS Mail order Satisfactory £89 Balance - Limit £400
VANQUIS BANK Credit card / S... Satisfactory £412 Balance - Limit £500
VERY - SHOP DIRECT FINANC... Mail order Satisfactory £0 Balance - Limit £600
ADVANTAGE FINANCE ... Hire purchase/C... Satisfactory £9,157
The 10 other accounts are all settled and marked satisfactory
Credit score - 883
:rotfl::rotfl::rotfl:
Today I thought whilst I was at my bank paying in some cheques I would ask for a little advice, the Halifax mortgage adviser took all my details and checked my credit report I earn 25K and wanted a mortgage to buy my council house.
The good news is that even though I have 1 year left on a CCJ for £300+ (paid) and I owe about 9k on my car I was accepted as an A1 (I think he said) mortgage application and have been given a mortgage promise of £97,975... he said that unless my credit went down hill before I applied this would stand to say the least I'm so thrilled that things are finally starting to work out for me and that sometimes its worth biting the bullet and speaking to your bank I've had been advised by some that I wouldn't get mainstream credit for at least 2 years, thank god I looked into it for myself.
My situation (Credit report)
The below is information from my latest credit report
Number of credit accounts (including those settled) - 14
Amount of available credit (excluding mortgages) - £949
% of your total credit being used (excluding mortgages) - 36%
Amount of outstanding debt (excluding mortgages and defaults) - £9,708
Number of accounts overdue - 0
Number of missed or late repayments in the last year - 0
Number of times your credit report has been searched in the past 3 months - 1
Number of times your report has been searched in the past year - 14 (7 searched are for companies the rest are for credit reports)
Number of public information records on your report - 1
Number of Notices of Correction on your credit report - 1 in 2006 fully satisfied
Number of aliases (other names) and/or financial associations recorded - 0
Length of time you have lived at your current address - 9 years 3 months
Are you registered on the electoral roll at your current address - Yes
Account Information
J D WILLIAMS Mail order Satisfactory £89 Balance - Limit £400
VANQUIS BANK Credit card / S... Satisfactory £412 Balance - Limit £500
VERY - SHOP DIRECT FINANC... Mail order Satisfactory £0 Balance - Limit £600
ADVANTAGE FINANCE ... Hire purchase/C... Satisfactory £9,157
The 10 other accounts are all settled and marked satisfactory
Credit score - 883
:rotfl::rotfl::rotfl:
0
Comments
-
How much deposit do you have?0
-
As I was told on a right to buy mortage for the amount I need there's no deposit so I can spend my 3K on fees now....0
-
iwantoneplease wrote: »As I was told on a right to buy mortage for the amount I need there's no deposit so I can spend my 3K on fees now....
this is quite trueHappily an ex mortgage broker!0 -
I am so glad I went in to speak to them I was seriously considering waiting till the ccj dropped off my credit report like I had been advised, hopefully the price of my house will reflect the current market.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
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards