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Partners Poor Credit History
Comments
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Yes, keeping £15k bk for stamp duty and other fees.0
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It's what we did. Borrowed to the limit on my income when my new wife had a terrible credit history. Slowly things have dropped off her credit file which we watch like a hawk, and we are about to apply for a joint bank account. Nowadays she earns a lot more than me, the mortgage is no big deal, and people seem desperate to lend her money she does not need.Been away for a while.0
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When you get the third version of your credit file, you can run through all the "what ifs" with your chosen broker.
You'll then have a clear idea of your options and their likely timescales.I 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 -
Update:
It's looking positive that I will be able to obtain the mortgage we require on my own, hence will not require my partner so I have decided to split with her. Only joking!
I'll keep you informed on the outcome.
Thanks again guys.0 -
Breakdance wrote: »It's looking positive that I will be able to obtain the mortgage we require on my own, hence will not require my partner so I have decided to split with her. Only joking!
Is your other half contributing to the deposit?0 -
Yes but via her father0
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Someone not related to you?Breakdance wrote: »Yes but via her father
That's going to cause serious problems with the lender. If she was party to the purchase/mortgage, the gift to her from her father would be fine. His gift to you, isn't.
Suggest you speak to broker and solicitor about this for guidance.I 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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