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One partner with bad credit?
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hopingforahouse
Posts: 108 Forumite
Hey guys, another question!
I have a particuarly bad credit rating, which I am not proud of, and am working to improve it.
Therefore when we get a mortgage it will be in my hubbys name only. Our mortgage broker has said this is fine, but whoever we get a mortgage of will credit check me too.
What are the repercussions of this? He doesn't seem to really know (one of the biggest brokers in the city!).
All help much appriciated.
I have a particuarly bad credit rating, which I am not proud of, and am working to improve it.
Therefore when we get a mortgage it will be in my hubbys name only. Our mortgage broker has said this is fine, but whoever we get a mortgage of will credit check me too.
What are the repercussions of this? He doesn't seem to really know (one of the biggest brokers in the city!).
All help much appriciated.
0
Comments
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If you are not on the application - there is no reason to credit check you
If you do a joint application - an association will be made between the two of you, and your credit history could reflect badly on him as a consequence.
In reality, though it should not have too much of an impactI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
It sounds like the other broker is not doing a fantastic job based on the questions you raise here and on your other thread about insurances.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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