Will I be approved? First time buyer

f1rsttimebuyer_2

Not a wind up GMS. What other info would you need? I can give you as much info as you like, any help would be much appreciated. I am ready for the commitment, I've paid my £600.00 a month rent on time for 3 years running.

GMS

f1rsttimebuyer wrote: »

Not a wind up GMS. What other info would you need? I can give you as much info as you like, any help would be much appreciated. I am ready for the commitment, I've paid my £600.00 a month rent on time for 3 years running.

Too much info required to post on here, and I would not be prepared to deal with it in a public forum as I am sure you would not want to do.

You need to speak to a broker if you want advice.

f1rsttimebuyer_2

When you go to a mortgage broker, do they do a credit search on you, to see what your credit history is like, and then can other lenders see that a broker has done a credit search on you?

catieeb06

No credit search is performed to produce KFI.

f1rsttimebuyer_2

So how do they tell which company is most likely to approve you?

catieeb06

Experience & knowledge of the mortgage market. It is afterall what your paying for.

Other than that, just going ahead and performing a decision in principle.

f1rsttimebuyer_2

So how do they know if you've got any missed payments or anything?

BadgerFace_2

f1rsttimebuyer wrote: »

So how do they know if you've got any missed payments or anything?

Because YOU tell them! The only person you'd be hurting by not doing that is yourself and your chances of getting a mortgage.

catieeb06

Well honesty but also your credit file will reflect missed payments.

f1rsttimebuyer_2

Quote:
Originally Posted by f1rsttimebuyer
So how do they know if you've got any missed payments or anything?

Because YOU tell them! The only person you'd be hurting by not doing that is yourself and your chances of getting a mortgage.

Of course I'll tell them what I know, it just seems daft because unless you check your credit report, not everyone would remember whether or not they missed credit card payments four or five years ago.

I thought a good broker would of looked at your credit report to determine which companies are most likely to approve you?