advice on mortgage app with past credit problem

pitbullpeebs

My partner owns a small 1 bedroom house worth around 100k with 75k left on the mortgage, I've just sold my house that I owned with my soon to be ex wife:mad: , we now rent privately & she rents hers out, i made a fair bit on mine but have debts to pay which defaulted when my wife & i separated. My aim is to pay them off but they will only be satisfied defaults, hoping to apply in around 12-18 months time. We'll probably sell hers & use what she makes as a deposit.

copperjar

Wow Sammy. What an inspirational read! You have done so well, hope you find your forever home soon.

sammy70

Thanks copper:)

My advice to you pitbull, is put every spare bit of cash to clearing debts, once they are clear start (if you can) overpaying on your partners mortgage, as the less you owe on that, the more you will have for a deposit on your new home you buy together

Also, give yourselves (small) rewards on the way, no use being miserable while you are on the road to your new life debt free:)

You are at the start of the challenge, but believe me, 2 years will fly by, set a challenge to yourselves, monthly or whatever (we set 36 months to clear mortgage, and savings), it isn't easy, but stay focussed on the end result !
Also, get you free for ever noddle report, and check it monthly, and dispute anything that is incorrect asap..

Don't give up, a couple of years from now if you get stuck in, you will be house hunting together :beer:

Brewerspride

Great to read such a story. Good luck with the search for your new home (and yes, regular updates on your search are a requirement!)

stuart30

sammy70 wrote: »

Thanks copper:)

My advice to you pitbull, is put every spare bit of cash to clearing debts, once they are clear start (if you can) overpaying on your partners mortgage, as the less you owe on that, the more you will have for a deposit on your new home you buy together

Also, give yourselves (small) rewards on the way, no use being miserable while you are on the road to your new life debt free:)

You are at the start of the challenge, but believe me, 2 years will fly by, set a challenge to yourselves, monthly or whatever (we set 36 months to clear mortgage, and savings), it isn't easy, but stay focussed on the end result !
Also, get you free for ever noddle report, and check it monthly, and dispute anything that is incorrect asap..

Don't give up, a couple of years from now if you get stuck in, you will be house hunting together :beer:

could i come and stand next to you guys for 10 minutes...hope some of that determination rubs off on me.

What a fantastic read and honestly gives clear signs to the people like me that life can be turned around...what a great example you guys are.:T

densol_2

What a great read Sammy70 !!

So chuffed for you both :-)

Hope you get our dream home soon

Rebecca01

This is lovely. Thanks for the updates. Often people just leave a thread. It is nice to know how it ends.

Wonderful enjoy your forever home.

sammy70

Well thanks everyone for the lovely messages

We had an offer accepted on our dream cottage this morning, and currently going between excitement/nerves about completing the house buying process :j

The last 3 years have been challenging saving and rebuilding my lovely husbands credit, but it has all been definitely worth it, I wouldn't change a thing !

We are so happy, heres to a smooth sale process :beer:

Bonfire_Bride

Great News and well deserved!! Hope it all goes smoothly for you

sammy70

Our mortgage offer arrived in the post today.:beer:

I can honestly say I never believed we would get a mortgage with Halifax, they have offered us a great rate, we have a brilliant mortgage broker, he went through all the history regarding my husbands divorce issues, and obviously Halifax could see we are great with our financial dealings, so all our hard work has been worth it :j