Mortgage Application - Credit Check Queries

BBrown1989

Good Afternoon,

This is my first time of posting and I am looking for advice so apologies if I sound naive.

Basically me and my GF (both 24) are looking to apply for a mortgage in January 2013. We will have about a £50K deposit but I am really worried about the credit checks.

Both our Experians scores come back to 999, and we have never missed any payments or defaulted. But from about February-June this year I stupidly used my Credit Card for betting not realising these were cash advances as soon as I realised I obviously stopped. I looked at my credit check and this is reported on there and shows me using cash advances about 30 times totalling an amount of £2.5k. When we come to apply it will be about 6/7 months since I have used it and by then it will be closed.

Like i say all payments have been made on time and all accounts have been settled out as per agreements. and I currently have about £550 on my credit card.

I was wondering on how this affect's us when applying for a mortgage? As obviously we will be first time buyers?

Any information will be much appreciated

Senior_Paper_Monitor

Not an issue

BBrown1989

Ok if that's the case then should be ok, thought even though everything else will be fine they will see it as a risk.


Thanks

BBrown1989

Has Mortgage Advisors got any information on the above? Would be much appreciated