We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!
first time buyer bad credit-help please!
rainbow_brite_4
Posts: 2 Newbie
Hi guys
Im looking for some help please. Im 32 and i really want to buy a house. However for the past 14 years ive been in and out of debt. At the end of last year i contacted all my creditors and ive been paying them back on a regular basis. I work full time and have got a permenant contract on good money and im a key worker. Also ive moved lots and ive had 4 different surnames.
Im not stupid and i know that there is no way anyone would look twice at me for a mortgage at the moment. However i wondered if anyone could give me advice on how far back a mortgage company will look with regards to my credit. I fully intend to have everything paid off in another 2years and i am hapy to wait untill then to look into buying but any hints, tips and advice would be greatly recived.
Thanks in advance!
Rainbow x
Im looking for some help please. Im 32 and i really want to buy a house. However for the past 14 years ive been in and out of debt. At the end of last year i contacted all my creditors and ive been paying them back on a regular basis. I work full time and have got a permenant contract on good money and im a key worker. Also ive moved lots and ive had 4 different surnames.
Im not stupid and i know that there is no way anyone would look twice at me for a mortgage at the moment. However i wondered if anyone could give me advice on how far back a mortgage company will look with regards to my credit. I fully intend to have everything paid off in another 2years and i am hapy to wait untill then to look into buying but any hints, tips and advice would be greatly recived.
Thanks in advance!
Rainbow x
0
Comments
-
5 years. Make all repayments you owe to existing creditors for next two years, spend 3 years after that saving as much money for a deposit.0
-
great thank you0
-
Your credit file records defaults for SIX years after the date the default was lodged, late payments for SIX years after the account was settled (paid off and closed), CCJs for SIX years after they are paid off.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards