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First time buyers and not so picky lenders lol :)

2

Comments

  • samtoby
    samtoby Posts: 2,438 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
    I haven't had a late payment since 2010 I know thats not that long ago but only one. (It was by no means deliberate)

    I think if you look at my report it is clear I have changed. I have three accounts nearly a year old which are all in green with rising credit limits which surely means I am doing right instead of wrong.

    :)
    3 Children - 2004 :heart2: 2014 :heart2: 2017 :heart2:
    Happily Married since 2016
  • The_J
    The_J Posts: 1,250 Forumite
    One late payment is not really a problem so you can ignore that then we're going back to 2008 which is more than 3 years ago. The CCJ being settled this year isn't ideal but if you can find someone to ignore that you'll be fine.
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    samtoby wrote: »
    I have three accounts nearly a year old which are all in green with rising credit limits which surely means I am doing right instead of wrong.

    :)

    Why do you need 3 accounts?

    A lender will be concerned that you re-offend again in the future (statistical evidence supports this likelihood).
  • samtoby
    samtoby Posts: 2,438 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
    Didn't get the job.....and today been made redudant from my post.....end of my mortgage dream!
    3 Children - 2004 :heart2: 2014 :heart2: 2017 :heart2:
    Happily Married since 2016
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    samtoby wrote: »
    Didn't get the job.....and today been made redudant from my post.....end of my mortgage dream!

    Ouch - sorry to hear this...

    Probably wont help if I say things happen for a reason and all that..!

    Hopefully you have got some period paid to get into job hunting or at least to tide you over...
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • samtoby
    samtoby Posts: 2,438 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
    Things do happen for a reason. I am already on job hunt :) can't give up....
    3 Children - 2004 :heart2: 2014 :heart2: 2017 :heart2:
    Happily Married since 2016
  • gazfocus
    gazfocus Posts: 2,467 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Aww I'm sorry to hear this. Hope you find a job that's miles better very soon.
  • samtoby
    samtoby Posts: 2,438 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
    Thanks are you buying now? did you get the mortgage sorted?
    3 Children - 2004 :heart2: 2014 :heart2: 2017 :heart2:
    Happily Married since 2016
  • Mumto3cheekymonkeys
    Mumto3cheekymonkeys Posts: 261 Forumite
    When we wanted to buy a bigger house (we had inherited one) we didnt want to sell it so we instead decided to let it out but to get a re mortgage to stump up a big amount for a deposit on our new house. We didnt have bad credit but we didnt have good either, infact my partner had only ever had 1 loan and i had no form of credit so they went by bills i think. We found the mortgage works not too picky although they only offered us interest only.
    Well done and good luck.
  • geoffky
    geoffky Posts: 6,835 Forumite
    Interest only is not a good idea unless you have a investment alongside..Its a disaster waiting to happen.
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
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