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Mortgage rate after Protected Trust deed
delboy2405
Posts: 18 Forumite
Hi,
apologies if this has been answered before I had a good search through this forum and couldn't find anything.
I entered a PTD in March 2006 and was signed off in December 2009, I currently got one settled default (was around £60) that is due to come off of my credit file come December this year, and apart from that my Credit file with, Equifax, Experian and Call credit is clean (No missed payments) on a number of credit items that I have (1 Store Card, 1 Bad credit Card, 1 Mobile phone).
My wife and I are looking to buy for the first time in come the end of the year with a 10% deposit of houses from around £120k to maybe £140k, so we are trying to budget how much a mortgage we could reasonably a afford and not overstretch but looking at moneysupermarket the rates on Mortgages seem to differ greatly. My questions is this, what rate is someone in my position likely to get i.e. would it be nearer the 6% mark or would i be able to get near 4%.
PS It would be joint mortgage with my wife, we have not check her credit file as we have just got married and waiting on her details being changed on Electoral Roll but we can't remember her ever missing a payment on her CC or Car loan.
apologies if this has been answered before I had a good search through this forum and couldn't find anything.
I entered a PTD in March 2006 and was signed off in December 2009, I currently got one settled default (was around £60) that is due to come off of my credit file come December this year, and apart from that my Credit file with, Equifax, Experian and Call credit is clean (No missed payments) on a number of credit items that I have (1 Store Card, 1 Bad credit Card, 1 Mobile phone).
My wife and I are looking to buy for the first time in come the end of the year with a 10% deposit of houses from around £120k to maybe £140k, so we are trying to budget how much a mortgage we could reasonably a afford and not overstretch but looking at moneysupermarket the rates on Mortgages seem to differ greatly. My questions is this, what rate is someone in my position likely to get i.e. would it be nearer the 6% mark or would i be able to get near 4%.
PS It would be joint mortgage with my wife, we have not check her credit file as we have just got married and waiting on her details being changed on Electoral Roll but we can't remember her ever missing a payment on her CC or Car loan.
0
Comments
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delboy2405 wrote: »but we can't remember her ever missing a payment on her CC or Car loan.
The balance that's owed may be taken into account by the lender you apply to. Not just a question of meeting the monthly repayments.0 -
ah good point, well there is around 2k on it, but will be down to around 1k by December0
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