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moving and getting new mortgage - credit history
indiekid9
Posts: 4 Newbie
Hi there,
My current situation is that I own a flat which is valued at 145k, my current mortgage is with nationwide and is around £78k (all in my name). My girlfriend lives with me and we want to move to a house in the region of 180k.
I have a good credit history - Never missed a mortgage payment and have a 5k loan and a credit card payed off in full each month. However, 5 years ago, my girlfriend missed some mortgage payments and other bills when she split up with her partner. Since then, she has found it very difficult to get credit of any kind.
My salary is 26k, hers is 14.5k. Do you think we will have difficulty in obtaining a joint mortgage? Ideally I would like to stay with Nationwide, as I have had no problems with them
Many Thanks
My current situation is that I own a flat which is valued at 145k, my current mortgage is with nationwide and is around £78k (all in my name). My girlfriend lives with me and we want to move to a house in the region of 180k.
I have a good credit history - Never missed a mortgage payment and have a 5k loan and a credit card payed off in full each month. However, 5 years ago, my girlfriend missed some mortgage payments and other bills when she split up with her partner. Since then, she has found it very difficult to get credit of any kind.
My salary is 26k, hers is 14.5k. Do you think we will have difficulty in obtaining a joint mortgage? Ideally I would like to stay with Nationwide, as I have had no problems with them
Many Thanks
0
Comments
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5 years ago and precisely how many months?If you owe a bank £25,000 you got problems.
If you owe a bank £500,000 they got problems.
Go for it.................0 -
Your girlfriend credit history will not show after six years. How close are you to that?
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Hello. Go to http://www.experian.co.uk and get her credit file for around £2.50.
This will indicate what adverse history has been lodged.
As indicated by the previous post, her credit file will be clear after six years and it may be worth waiting a few months to save on interest charges.
Luv
LipstickI am a Mortgage AdviserYou 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.0
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