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post bankruptcy
007Mole
Posts: 20 Forumite
I was discharged from bankruptcy over two years ago, have no debts, one secured credit card, and am earning over £65k. My partner and I are looking at buying together - he is on a similar salary and has an excellent credit history. Are we likely to be able to get a mortgage together? We have around a 10% deposit.
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Comments
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Yes you should be able to get a mortgage between teh both of you.
What rates, and waht amounts will depend on what your credit file looks like and what figures you are looking at, but you should be able to get a mortgage
HTHI 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 -
With incomes like that you will be able to afford a massive mortgage.
What mortgage loan size are you looking for?
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 -
Looking at probably in the region of £350k, but have concerns about whether doing it jointly will destory my partners credit rating!0
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You will create a financial association between you and your partner.
So it will mean that your credit history may impact on the rates that could be available to you both
However a good whole of market adviser will look to place with a high street lender first, and talk your case through generically with lenders to see which will be able to look more favourable on your circumstances and offer you the best deals
HTHI 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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