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Mortgage

Chrisyboy01
Chrisyboy01 Posts: 3 Newbie
Eighth Anniversary First Post Combo Breaker
in Mortgages & endowments
Hi, ive been trying to get a mortgage for past few months with no success, every bank i try takes 1 look at my credit report and automatically say no, although i dnt see why bcoz i had jst over 1000 pound debt only (which i have now payd) and got black listed bcoz of this. I have a full time job earning over 20,000 a year and so does my wife. (she has gr8 credit). So why r the banks saying i have to wait til my credit gets better before i can be offerd a mortgage. Can any1 help??? Thanx.

Comments

  • kingstreet
    kingstreet Posts: 39,438 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you been to a whole market or independent broker or have you been running up and down the high street having credit searches?

    Could you please set out;-

    Purchase price?
    Deposit?

    Gross annual incomes?
    Employment duration?
    Other credit?
    Dependents?
    What is the adverse? CCJ/Default? Satisfied? Cause? Lender/Creditor?
    Where have you tried?
    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.
  • Trentenders
    Trentenders Posts: 1,273 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You need to check your credit file, to see if there's anything else showing on there that shouldn't be/that you are unaware of. You probably also need to cool off making applications for a little while, as several credit searches in a short period of time will also go against you.

    On a side note, when you complete the mortgage application forms, do you write properly?
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Chrisyboy01 wrote: »
    Hi, ive been trying to get a mortgage for past few months with no success, every bank i try takes 1 look at my credit report and automatically say no, although i dnt see why bcoz i had jst over 1000 pound debt only (which i have now payd) and got black listed bcoz of this. I have a full time job earning over 20,000 a year and so does my wife. (she has gr8 credit). So why r the banks saying i have to wait til my credit gets better before i can be offerd a mortgage. Can any1 help??? Thanx.

    Sorry that's very hard to read in its current 'text speak' form.
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    Chrisyboy01 wrote: »
    bcoz payd bcoz gr8 r any1Thanx.

    7 or 8 baddie words, other than that, I got da gist
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Chrisyboy01 wrote: »
    So why r the banks saying i have to wait til my credit gets better before i can be offerd a mortgage.

    Sounds if you defaulted on a relatively small debt of £1,000. Which will make lenders very cautious in advancing £'000's with which to buy a house.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Having £1000 debt will not automatically stop you getting a mortgage.

    As stated above, did you get any arrears, CCJs or defaults on your credit file?

    What mortgage amount are you looking to borrow?
    I am a Mortgage Adviser
    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.
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