advice poor credit and a mortgage needed

emma_karl

my partner has a poor credit score (in the red) and we want to buy a house that's 120,000 we have about 15% deposit ....

where struggling to get anywhere ..... her report isn't to bad not ccjs or defaults..

one guy has said "Thank you for your time on Monday.

I have completed further research and I reviewed the credit report provided. From the information provided and the research completed i believe it is going to be difficult to obtain a mortgage at present, However some of the lenders I have approached have said that it may be worth applying as they operate a manual credit scoring system and do not rely solely on a computer based decision. This means that all applications are reviewed manually and judged on their own merits. To apply I would charge a fee of £195 and that would be the only fee payable to obtain agreement in principle from a lender. I have to charge a fee to cover the research and application process to completion. No additional fee's would be charged directly to you, I may receive payment from a lender in addition should your application be successful and complete in due course.

I stress that this is going to be difficult so you need to consider whether or not to apply at this time or wait for a few months and attempt to improve your credit score by ensuring that all credit commitments are up to date and are being paid on time.

Should you have any questions or if you want me to proceed further please do not hesitate to contact me.


Kind regards

we really need this house surely theres some way of getting it ?

thanks

Dave_Ham

Seems strange to charge a fee for an Agreement In Principle and does not give me much faith.

Almost impossible to speculate without more information or the credit files, although a 15% deposit tends to make most issues go away.

What exactly is on the credit files, not just the score?



Cheers

emma_karl

6 late payments ...
i think off my head ...it was a difficult time we acquired 2 children so it was a case of sorting them out .... we never had direct debits set up so we just paid over phone around about the time they were ment to be paid


i have a slight better credit score but ive got debts and defaults which is strange.....

emma_karl

emma_karl wrote: »

6 late payments ...
i think off my head ...it was a difficult time we acquired 2 children so it was a case of sorting them out .... we never had direct debits set up so we just paid over phone around about the time they were ment to be paid


i have a slight better credit score but ive got debts and defaults which is strange.....

^
l
l
l
that is why shes going alone


she also has a well paid job NHS

Dave_Ham

6 late consecutive payments, or intermittently over the last 6 years?

How recent are these?

emma_karl

they are over a couple of months

i havent got it in front of me so cant be 100%

Dave_Ham

If they are recent, for example in the last 3-6 months then this is an issue and what the advisor is referring to.

Outside of the 6 months, I think you may have options.

A Building Society who manually underwrites is actually less likely to accept a sustained period of missed payments...

Good luck

Thrugelmir

How much debt do you currently owe?

emma_karl

do i owe ?

9,000 ish

Thrugelmir

emma_karl wrote: »

do i owe ?

9,000 ish

There's the issue. You need to start paying the debt down to improve your credit score. When a potential lender assessess your application.

emma_karl

sorry..
im not going in on the mortgage she is on her own....