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Getting a mortgage
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honeybun16
Posts: 139 Forumite
Guys,
We are working very hard towards our DFD, however this is all with an aim to buying our own house in the future, all our current debt is in my OH name and is being managed well and snowballed, my question is would it be better for me to get a credit card and use/ spend/ pay off to give myself a credit history as well or will the fact that i have not got any credit (not had any of my own for over ten years due to serious previous situation with EX and joint Monies) but therefore do not have anything negative on my file, go against us on a future mortgage application,
I'm asking now because if I need to apply and credit build starting now will give me time to get more months under my belt before we apply for the mortgage?
We are working very hard towards our DFD, however this is all with an aim to buying our own house in the future, all our current debt is in my OH name and is being managed well and snowballed, my question is would it be better for me to get a credit card and use/ spend/ pay off to give myself a credit history as well or will the fact that i have not got any credit (not had any of my own for over ten years due to serious previous situation with EX and joint Monies) but therefore do not have anything negative on my file, go against us on a future mortgage application,
I'm asking now because if I need to apply and credit build starting now will give me time to get more months under my belt before we apply for the mortgage?
2 adults 4 children Eldest 14 yrs old youngest 1yr old,
Total Credit July £38K Aug £37K Sept £37K Oct £33K Nov £26K Dec £60K May £56K Nov £52K Apr £21K :eek:
What most people need to learn in life is how to love people and use things instead of using people and loving things
Total Credit July £38K Aug £37K Sept £37K Oct £33K Nov £26K Dec £60K May £56K Nov £52K Apr £21K :eek:
What most people need to learn in life is how to love people and use things instead of using people and loving things
0
Comments
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Equally effective is demonstrating an ability to save regularly.
Focus on tackling that debt first.
Credit cards merely make spending money too easy.0 -
i'm not looking to spend on the card i'm wondering if i it would be better if i had some credit history apart from just my basic bank account?2 adults 4 children Eldest 14 yrs old youngest 1yr old,
Total Credit July £38K Aug £37K Sept £37K Oct £33K Nov £26K Dec £60K May £56K Nov £52K Apr £21K :eek:
What most people need to learn in life is how to love people and use things instead of using people and loving things0 -
What is process of remortgage ? What all documentary is essential to remortgage the property? please help to know these things.0
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