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First Time Buyer -Credit Rating Advice Needed
complicity71
Posts: 1 Newbie
Hi There,
I've been renting privately for many years now, but have just taken the step of moving back in with my parents to save up a deposit to finally buy my own place.
I also have significant debts to clear down, which will be done in the next several months. I estimate I will have enough deposit saved in approx 2.5/3 years.
My question concerns my credit rating for when I do eventually apply for a mortgage. Obviously I have no utilities registered in my name at my parents' address. I do have my bank account, credit cards, mobile phone registered there, and am on the electoral roll.
Will this be a factor in my mortgage assessment? Should I try to take over responsibilty of one of my parents' household bills? They will be very resisitant to this, so I'd rather not, unless it is absolutely necessary!
Any help/advice appreciated.
Thanks,
CB
I've been renting privately for many years now, but have just taken the step of moving back in with my parents to save up a deposit to finally buy my own place.
I also have significant debts to clear down, which will be done in the next several months. I estimate I will have enough deposit saved in approx 2.5/3 years.
My question concerns my credit rating for when I do eventually apply for a mortgage. Obviously I have no utilities registered in my name at my parents' address. I do have my bank account, credit cards, mobile phone registered there, and am on the electoral roll.
Will this be a factor in my mortgage assessment? Should I try to take over responsibilty of one of my parents' household bills? They will be very resisitant to this, so I'd rather not, unless it is absolutely necessary!
Any help/advice appreciated.
Thanks,
CB
0
Comments
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No problem in my opinion (use and pay-off/reduce the credit cards - voters role vital)Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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