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Applying for a Mortgage
Just-trying_6
Posts: 1 Newbie
My wife and I are looking at applying for a mortgage. I was silly with my money a while ago and have two defaults (one is five and half years old and the other is four and a half, both are paid. My wife and I have no debts, earn a joint salary of £70K ish (secure jobs) and have at least 10% deposit. We bank with HSBC and asked about a mortgage and they said they could not give us a mortgage in principle.
I suppose the questions I am asking should I shop around for a mortgage? Should I wait until the defaults are over six years old so they are no longer on my credit file? Should I take in my credit file to the bank.
I suppose I do not want to keep applying for a mortgage and keep getting rejected.
Any help/advice would be great.
I suppose the questions I am asking should I shop around for a mortgage? Should I wait until the defaults are over six years old so they are no longer on my credit file? Should I take in my credit file to the bank.
I suppose I do not want to keep applying for a mortgage and keep getting rejected.
Any help/advice would be great.
0
Comments
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Good luck, I am in the same boat...0
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are some people who are mortgage advisers and could give some opinions. i'd say ask a mortgage adviser who accesses the whole market to see if you could get a deal. Sounds like you have a decent salary, but only 10% deposit isn't all that much in the big scheme of things.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370
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