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Mortgage advice
emjgil
Posts: 1 Newbie
Hi all,
Just after a little advice on getting a mortgage...
Situation is this, we would love to be able to buy a house, we have both owned before but now are renting. My husband had a property reposessed and is currently paying off the outstanding mortgage owed, we both have a bad credit history, i am a stay at home mum and he is newly self employed. What are the odds on being accepted for a mortgage?
(yes i know its not a good situation but any advice would be great)
Cheers x
Just after a little advice on getting a mortgage...
Situation is this, we would love to be able to buy a house, we have both owned before but now are renting. My husband had a property reposessed and is currently paying off the outstanding mortgage owed, we both have a bad credit history, i am a stay at home mum and he is newly self employed. What are the odds on being accepted for a mortgage?
(yes i know its not a good situation but any advice would be great)
Cheers x
0
Comments
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Little to none, I would think. As time goes by your chances will improve and these will get bigger, faster, by the size of deposit you can save.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Focus on clearing your existing debts first, in particular the old mortgage.0
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