Mortgage

badger8

Good Afternoon Everyone,

I was wondering if anyone can please help me? My partner and I will be looking for a mortgage in September next year. I've got this massive worry that they won't give me a mortgage due to a default on my credit rating (Under £200 pound Orange dispute).
My partner as a clean good credit rating, will my bad credit rating ruin our chances of getting a mortgage? I've been told that they could take the mortgage in her name, but take my salary into account. Is that right?

Thank you

Tim :beer:

kingstreet

To the final question, no. You only get your income taken into account if you're an applicant.

To the issue of the default. No way of knowing at this stage. If we're talking about next September, a lot of water will go under the bridge before then. It's unlikely to stop you getting a mortgage completely, but the top of the market deals won't be available to you.

It will depend purely on the deposit you have. 10% will get you a mortgage. 20% will get you a much better deal and so on...

You need a good whole of market or independent broker.

badger8

kingstreet wrote: »

To the final question, no. You only get your income taken into account if you're an applicant.

To the issue of the default. No way of knowing at this stage. If we're talking about next September, a lot of water will go under the bridge before then. It's unlikely to stop you getting a mortgage completely, but the top of the market deals won't be available to you.

It will depend purely on the deposit you have. 10% will get you a mortgage. 20% will get you a much better deal and so on...

You need a good whole of market or independent broker.

Thank you very much for taking time to reply. I'm so annoyed as its such a small thing. Less than £200 with Orange. I was partly my fault though, but to punish someone for 6 years just seems so extreme.