Can we get a mortgage???? please help

vicky_spys

Can anyone give me any advise. Me and my partner will be trying to apply for a mortgage early next year. Although he is unaware of this as im scared to tell him becuase he is so good with money, in the past i have struggles with my finances and have a bad credit rating, i havent had any defaults in the last year but i understand they stay on your credit file for 6 years. My partner has an excellent credit rating will we be able to get a mortgage?

Any advice or help appreciated!:)

mr_fishbulb

Get your credit reports and see how bad they are - read this article: http://www.moneysavingexpert.com/loans/credit-rating-credit-score

Speak with a mortgage broker - see their view.

Most importantly (and what you will least want to hear) - talk to your boyf about it. You don't really want to be keeping things like this secret when you are committing to something like buying a house together.

_Andy_

Specifically what was the adverse?
How much do you have saved up for deposit/fees etc and what property values are you thinking of?

vicky_spys

well by the negining of next year we forecast to have 20k deposit and th property values we are looking at are no more than 190 k

vicky_spys

sorry didnt read the whole message, the adverse are for missed payments i went through a rough patch but have been sorted out for more than a year now, i dont understandb it really as six months ago i got a car on finance through blackhorse with no problem, but last month i got my credit score through experian and i very very poor!

vicky_spys

i know i definately need to speak to him, but i dont want him to think i am not trustworthy as i was very young and silly back then! i know his gonna feel hurt that i didnt tell him but i didnt know we was gonna get as serious as buying a house together and now i feel like ive left it to long to tell him! thanks for the advice though much appreciated! sorry made a mistake i have missed any payments for 2 years now!

_Andy_

I think you'll struggle with that amount of deposit.

vicky_spys

:-/ what do u think the issue would be the deposit or my credit rating or becuase of my credit rating we will need a larger deposit?

_Andy_

The latter

vicky_spys

what amount of deposit would you suggest?

JA1000

What was the reason for the credit score, which isn't as bad as you think, it can only be very poor at worst.

If it's missed payments which you then paid just continue to pay as you are and these will fade away and become less important.