First time buyer

Bongers

Hello all.

I was hoping for some realistic advice on whether my other half and i would get a mortgage. Together we earn 52k a year (33k myself) and have a deposit of 15k with a further 5k for fees etc. We both have a small amount of outstanding debt, around 1k in total. My credit rating is excellent (999 according to experian) but my other half only has a score of 880. She has a satisfied CCJ dating from 2007 for £700 and a couple of late payments since then. The kind of house I would like will be around the 150k mark. thanks.

Dave_Ham

Given you have a 10% deposit, my opinion would be you have to put this in your sole name only as do not think you would get a joint mortgage on these terms..

Just my opinion though as do not know enoug to be definitive.

Good luck

The_J

Depending on the credit issues since 2007 I would suggest that 90% LTV will be too tough a credit requirement.

You should be able to source the mortgage based on your income alone however but this will mean that your partner would not initially be able to go on the mortgage nor the deeds of the property. She could be added in the future at a cost of around £300-£400 but won't have any rights in the property til that point.