Am I a first time buyer & credit issues?

dimbo61

Dont move out and put the house on the market at a price to sell !
Even at aloss which you should split 50/50
If you move out the property will soon have new owners your EX and his new G/F plus baby so its not going to sell at all.
Show the property in the best condition you can and sort out the divorce asap

getmore4less

getmore4less wrote: »

How much money will you have for deposit

whats your income

any dependants

ulster_exile wrote: »

Why? I've got a financial advisor friend who will help me apply when I'm ready but wasn't going to bother him with apparently stupid questions hence asking on here.

It won't matter what sort of buyer you are if you gon't have the basics in place.

There are very few if any FTB deals so not that relevent anyway

What is far more important is deposit, income, commitments, debt.

Conrad

ulster_exile wrote: »

but am I classed as a first time buyer?

Have you bought before = yes.
So are you buying for the first time = no.

It's irrelevant anyway. There are no advantages to being a ftb.
Your main issue is whether you can get a mortgage or not, and not what type of buyer you are.

So those questions about income etc are the relevant ones.

If any credit is jointly held (your name on a credit card for example), your credit will be impaired.
You should disassociate yes, but it will make little if any difference to a lender - they have no interest in disassociations etc, they merewly have thier own credit scoring systems, period.

Hopefuly your adviser knows about and deals with smaller lenders such as MBS. I bet he doesn't.:A