Can I get a mortgage with a poor credit rating?

cheshiregirl

My partner and I are looking to buy our first house. I have a poor credit rating from when I was illl 5 years ago and had quite a few late payments.

All of my credit is now paid off, and I have no debt. However I have recently been refused a bank account that I wanted to set up to pay bills from and have also been refused car finance.

My partner and I have a combined income of 45k and are looking for a mortgage of 150k. Is it likely that we will get one, or am I just heading for disappointment.?

My rather has a good credit rating.

Any advice appreciated. Thanks

hunnieybunniey

You may be best trying to get a mortgage in your partners name as thats what i have had to do as my partner was rejected a bank account not to long ago though due to taking silly payday loans and not repaying them on time. So we just apllied on my name When did you settle the accounts? Luckly though i was the main breadwinner.

GMS

How much deposit do you have?

Any defaults/CCJ's etc? If so how much and when?

Do not apply at random as you need to find the correct lender for your situation.

_Andy_

How much deposit do you have saved up?

ACG

As Andy says this will come down to the deposit - 5% and you will struggle, 15% and i would be confident you could get a mortgage.

Have you got your credit reports? If not, get them and go and see a mortgage broker.

cheshiregirl

I do not have any ccjs or anything. We could apply in my partners name but I earn double his income. We have a 5% deposit and are hoping to be eligible for the help to buy scheme where we would get an extra 20% from the government.