We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage HELP!!!
Options
wayne5393
Posts: 14 Forumite
Hi,
My girlfriend and I tried for a mortgage early this year but got refused because I have bad credit. If she was to apply for a mortgage on her own then they would only offer her 60k. But the house prices that we are aiming for are around 80k. We will have around 8k deposit. I am the main earner but feel helpless, is there anything else that we can do rather than wait X amount of time for my credit to finally be good enough to apply together.
Thanks, Wayne
My girlfriend and I tried for a mortgage early this year but got refused because I have bad credit. If she was to apply for a mortgage on her own then they would only offer her 60k. But the house prices that we are aiming for are around 80k. We will have around 8k deposit. I am the main earner but feel helpless, is there anything else that we can do rather than wait X amount of time for my credit to finally be good enough to apply together.
Thanks, Wayne
0
Comments
-
Firstly, how bad is your credit? Can you be specific, do you have defaults, ccj's etc? Have you spoken to a mortgage Broker?0
-
I am now debt free but my credit score is 578 (experian)
I have 2 defaults on my file but they have been settled
Thanks0 -
How long ago were they? I think they disappear after three years (although I may be wrong).
I'd suggest you get more saved if possible - set a target to say save 4k in the next 6 months - or whatever is achievable.
Also, I'd suggest contacting a broker who may be able to find a deal for someone with less than perfect credit ratings.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards