Bad credit = no mortgage??

gemsbelle

I have bad credit, I am looking to buy my first property with my partner. Am I able to get a mortgage with bad credit? or how can I check my credit/improve it?

Any help gratfully received!

GMS

What do you mean by bad credit?

Get a copy of your credit report from on or all of Experian, Equifax and Call Credit. Pay for the £2 statutory report rather than the free trial.

Do you have defaults, CCJ's etc? If so whwn from and for how much?

kingstreet

Frankly, with what you've revealed to us, I felt like saying "no" and leaving it at that. In terms of help, what you put in has a direct impact on what you get out.

However, I'll try to be helpful.

If you have adverse credit registered against you, late or missed payments, defaults or court judgments for non-payment you are likely to need time for these things to fall off your credit file, or at least to date a little.

A sizeable deposit may help to shorten the time it may take to make you mortgageable.

As and when, find a good independent or whole market broker after getting copies of your credit file from all three credit reference agencies, so he/she knows what they are up against.


Equifax

https://www.econsumer.equifax.co.uk/consumer/uk/gb_consumerletter.ehtml

Experian

https://secure.wiseconsumer.uk.experian.com/wiseconsumer/secure_index.html?data=00

CallCredit

https://www.callcredit.co.uk/stat-report-online/index.php?action=register_display&tpl=regPurchase

maka_2

i suppose that depends how bad is bad really??
you can get free credits reports from
here
http://www.equifax.co.uk/Products/credit/credit-report.html
and here
https://www.creditexpert.co.uk

just remember these are free for 30 days only o please cancel i got charged £14.99 and £6.99 i forgot.

getting a mortgage in the current climate ill be a challange do you have a deposit? the bigger the better really

before you start to try and build your credit i would look at your file first see whats on them.