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First Time Buyer - HELP NEEDED :)
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jess2088
Posts: 3 Newbie
Hi
My partner and I have saved up a deposit of £35k, are both employed and plan to buy a house in the region of £175-£180k. We have been looking for houses but at present there isn't anything on the market for us. We thought that it might be a good idea to go and see a bank to put in an application for a mortgage in principle so that at least if anything was to come up we would have already done most of the leg work in terms of finding a mortgage.
My credit score is 999 and I've never missed a payment on anything, my partner's is in the 800's as he defaulted on a couple of accounts 3-5 years ago but has a clean track record in the last 3 years and his score has dramtically improved over the last few years. Does anyone know if the mainstream lenders i.e. natwest, halifax etc will consider us for a mortgage in light of this? Also, do all lenders ask to see bank statements or are there any who just accept payslips? I'd also like to know if it's a bad thing to run 2 applications with 2 different banks at the same time?
I'd be so grateful if someone could help me.
Thanks : )
My partner and I have saved up a deposit of £35k, are both employed and plan to buy a house in the region of £175-£180k. We have been looking for houses but at present there isn't anything on the market for us. We thought that it might be a good idea to go and see a bank to put in an application for a mortgage in principle so that at least if anything was to come up we would have already done most of the leg work in terms of finding a mortgage.
My credit score is 999 and I've never missed a payment on anything, my partner's is in the 800's as he defaulted on a couple of accounts 3-5 years ago but has a clean track record in the last 3 years and his score has dramtically improved over the last few years. Does anyone know if the mainstream lenders i.e. natwest, halifax etc will consider us for a mortgage in light of this? Also, do all lenders ask to see bank statements or are there any who just accept payslips? I'd also like to know if it's a bad thing to run 2 applications with 2 different banks at the same time?
I'd be so grateful if someone could help me.
Thanks : )
0
Comments
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Cross-posted.
I've answered in M&E.
As this is wholly a mortgage thread, I suggest we continue over there...
https://forums.moneysavingexpert.com/discussion/comment/62692555#Comment_62692555I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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