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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
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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
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great thank you0
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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
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