Clear credit report or get a mortgage with high interest?

*DaDa

What is the best option my credit history debts mount to about 2800.00 am I best paying this off but what guarantees i will get a mortgage?

Or do I go through a broker higher interest rate etc??

Confused.me.

Thanks

x x

kingstreet

TBH it would be better if you simply set out the situation and what you want to do, rather than posting multiple threads revealing a bit more each time.

As I said before, a mortgage is going to be based on;-

- income
- valuation
- deposit
- age of adverse credit
- value/amount of adverse credit.

So, why don't you set that out for us.

Then, is this the right to buy from your other thread? If so, what's the discounted purchase price and the amount you wish to borrow?

A broker doesn't necessarily mean a higher rate. It usually means getting the amount you wish to borrow at the best rate which can be found. There are some lenders who don't deal with brokers, so you would need to research them yourself, but TBH they are in the market for squeaky clean low loan to value stuff, so you may not be suitable for them anyway.

The rate you get depends on the questions I've asked above. If you aren't going to talk to a broker, armed with your credit files as I suggested the other day, you need to tell us more than you have so far...

And in answer to your question, repaying debt to get "satisfied" shown on your credit file will have little immediate impact on your ability to get a mortgage or on the rate you can get, if accepted. There is no guarantee.

GMS

You have previously asked about bad credit and right to buy. Now you say debts of £2800?

Do you have bad credit or just debts?

If you are intending to repay the debts prior to mortgage completion then you MAY get a mortgage which specifies the need to repay the debts prior to completion.

A broker would get you the best mortgage available.

Will be much easier if you give a complete picture rather than several bitty posts.