Help getting a mortgage

gina-g_4

We are hoping to move within the next couple of years and as a middle ages new teacher i don't have a very good pension so we have decided to get a mortgage and then when we retire and the kids have flown the next we can sell to help our old age. The problem is we can't get a mortgage, as a student for years our credit rating is not great. No CCj's or anything, just a few late payments etc.
We have done a budget and plan to pay off some debts and reapply in 6 - 12 months.
Is there anything else we can do to improve our credit score and increase our chances of a mortgage?
Thank you

dimbo61

Clear all debts and build up the biggest deposit you can !
Any chance of offering extra lessons to private students ( music, maths,english ETC)
Pay every bill on time and get your name on the electoral role

originalmiscellany

Clarify please!
Are you middle ages (as in years 6-9) or are you "middle aged" hence the not good pension?

As you are aware house values are really messed up at the moment, there's no guarantee you will see a good return on your house in the next few years;

gina-g_4

originalmiscellany wrote: »

Clarify please!
Are you middle ages (as in years 6-9) or are you "middle aged" hence the not good pension?

As you are aware house values are really messed up at the moment, there's no guarantee you will see a good return on your house in the next few years;

Sorry middle aged lol Hence the rubbish pension. I have 3 children in a 3 bed house and we are rather cramped so would like to move but need to get in a better position and more grown up, financially!!! lol

The tutoring sounds like a plan, i might look into it

Thanks for the advice

Thrugelmir

Clear down your debts and overpay on the mortgage.

Build your equity (savings) rather than borrowing more. As otherwise you will have little to show for the mortgage payments you make by the time you reach retirement.

DannyboyMidlands

Private tutoring? With written English of this standard?! Give me a break.

gina-g_4

DannyboyMidlands wrote: »

Private tutoring? With written English of this standard?! Give me a break.

I really do not see the need to be rude! I was not aware that there was a written standard for an informal forum! I happen to have a very good standard of written English, when required, but do not feel the need to justify this to the likes of you.

Thank you to everyone else for your helpful comments, just a shame the minority feel the need to pitch in with their unwanted opinions!

Maybe i could teach people manners, seems the world is somewhat lacking!!