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First time buyers...one person with bad credit... help

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Hi,

My partner and I want to buy our first home this year. However my credit rating is awful and I am un-likely to get a mortgage until July/August. My partner already has a mortgage offer so it's looking ever more likely that he will be buying the house alone..

Do joint mortgages exist for couples in this situation or is it just not worth trying? I know it will effect interest rates etc... but I heard somewhere there are ways round it?

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    YOu will be able to get a mortgage - however the rates offered to you will depend on how the lenders view your past credit history

    HTH
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • toonfish
    toonfish Posts: 1,260 Forumite
    the guild of..........................
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.



  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    toonfish wrote: »
    the guild of..........................


    :rotfl: wait for it
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • asandwhen
    asandwhen Posts: 1,407 Forumite
    Try this company.
    they are independent and have advisers throught the Uk.They search all of the market and dont charge a fee
    https://www.goima.co.uk
  • toonfish
    toonfish Posts: 1,260 Forumite
    and here it comes again!
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.



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