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When will I be able to apply for a mortgage?
Steviek_2
Posts: 139 Forumite
Any help appreciated. Current mortgage with GEC fixed rate ended last June cant get new deal as have a default which is satisfied in April but doesnt come off my record till next January (6 years ends then but will be paid up in April) apart from that no adverse credit whatsoever. No other debt. Want to sell the house as soon as can get new mortgage current value £265,000 current mortgage £110,000 earn £45k plus bonus. Husband has 3 defaults they wont come off his file until 2014 but I want to get a mortgage in my name only as he is going to retire. What chance have I got?
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I'd make an appointment to see a good whole of market or independent broker to establish your options. Ask friends or relatives for a recommendation. Failing that, try;-
https://www.unbiased.co.uk
switching off the "website only" option so you get more to choose from in your area.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 -
It sounds possibler based on the limited information.
Historic defaults, with a large deposit should have some options available to you.
However it will depend on the details of your new property, along with all your personal situation as well.
As stated above, this application will definitely benefit from the services of a good broker.I am a Mortgage AdviserYou 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.0 -
Thank you both for your replies. I was thinking I would have to wait until next year when the default is off my record is that the wise thing to do?0
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Are you looking to increase or decrease your mortgage?0
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You will however still be financially associated to your husband, whose defaults will still be on his credit file.
Applying to lenders on the basis of a "clean" credit file is better, as it means that all options will be available to you.I am a Mortgage AdviserYou 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.0 -
I have checked out the unbiased website also and found a broker near to me. Im looking at a property for around £300k so by then will need a mortgage of around £135 based on my earnings alone0
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