We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
What are our chances
andrea1968_2
Posts: 181 Forumite
I'll try and be brief.....
We have managed to save just over £30,000 and are looking to put down a £25,000 deposit on a £100,000 house.
My other half has a perfect credit history, I am now debt free, never made a late payment but did have a lot of debt (about £16000) over various cards and a loan. My experian report runs to 9 sides but all entries show as being paid (and closed) all with "0"s.
Is this likely to be ok ?
Thanks
We have managed to save just over £30,000 and are looking to put down a £25,000 deposit on a £100,000 house.
My other half has a perfect credit history, I am now debt free, never made a late payment but did have a lot of debt (about £16000) over various cards and a loan. My experian report runs to 9 sides but all entries show as being paid (and closed) all with "0"s.
Is this likely to be ok ?
Thanks
2013 - Finally got the house we' ve worked so hard to get......now it's a life of diy and no money....couldn't be happier 😊
2020 - mortgage free target set 8 years and counting 🎯
Even the longest walks start with one small step....get your boots on.
2020 - mortgage free target set 8 years and counting 🎯
Even the longest walks start with one small step....get your boots on.
0
Comments
-
Good deposit, no serious or current adverse; I would think this should be ok other things being equal...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.0 -
You may want to consider waiting or putting more down as a deposit. Generally 70% LTV will unlock some great rates (compared to your 75%).Thinking critically since 1996....0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.6K Banking & Borrowing
- 252.5K Reduce Debt & Boost Income
- 452.9K Spending & Discounts
- 242.5K Work, Benefits & Business
- 619.2K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards