FTB Advice

AimeeB88

Hi,

Me and my husband are looking at getting a mortgage. Currently renting my parents second house so saving as much as we can.

I have just checked my credit score with Experian and Equifax, with Experian my score is 900+ which is classed as perfect but with Equifax it's only 300 which is called as poor. I don't have any credit other than our mobile phone contracts. I also have 2 defaults whichever top off early 2015.

Would we be better waiting until these fall off my record to start applying for a mortgage?

Also do I need to look into taking out a credit card to help boost my credit rating?

Thanks for any advice given

[Deleted User]

My understanding is that it would be better to wait until they are off your credit report, but it doesn't mean that you won't get a mortgage before this happening.

I am not an expert, but I think the experts would be better able to comment if they know how much the defaults were for and if (and when) they are/were satisfied.

I just wanted to direct you to the credit report advice/info on martin's main site:

http://www.moneysavingexpert.com/loans/credit-rating-credit-score

AimeeB88

First default was for £600 and second was for £60 both settled

AimeeB88

They were first defaulted in 2009.

Our joint income is £46,000 per annum.

AimeeB88

Any help/advice please?