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Good credit vs bad credit!
SkintnScared
Posts: 145 Forumite
Hi
I've not been on here for a while and my circumstances have changed dramatically. I have paid all of my debts off and although my credit rating is still bad the last default was 2009, so 3 more years and it should all drop off (I think). Everything was paid off in 2010.
My question is this.............What are our chances of getting a mortgage? My otherhalf has a great credit rating, nothing at all to report. We would have 60k to put down as a deposit, so I'm just wondering what our chances would be of getting a mortgage and who would be the best person to talk to about this? (financial advisor? or the bank directly?)
Many Thanks
I've not been on here for a while and my circumstances have changed dramatically. I have paid all of my debts off and although my credit rating is still bad the last default was 2009, so 3 more years and it should all drop off (I think). Everything was paid off in 2010.
My question is this.............What are our chances of getting a mortgage? My otherhalf has a great credit rating, nothing at all to report. We would have 60k to put down as a deposit, so I'm just wondering what our chances would be of getting a mortgage and who would be the best person to talk to about this? (financial advisor? or the bank directly?)
Many Thanks
Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!! 
It's amazing how fast later comes when you buy now!!!! :eek:
It's amazing how fast later comes when you buy now!!!! :eek:
0
Comments
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Can depend on LTV. What size mortgage are u looking for?0
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Thanks whats LVT?
Approx 100k mortgage?
Thank you Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!!
It's amazing how fast later comes when you buy now!!!! :eek:0 -
Loan To Value.
Basically the amount of loan you require compared to the total property price.
I'm no expert in this field but sounds like you have a good deposit size and therefore given the information you supplied re. Your credit file you're best going to a broker.0 -
Fab thank you v much.....my other half has a mortgage advisor that he's used in the past so might give them a whirl........just wanted to check our chances beforehand Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!!
It's amazing how fast later comes when you buy now!!!! :eek:0
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