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Getting a mortgage with low credit/defaults
Kc1983
Posts: 10 Forumite
Hello,
I am new to the forum and I know that this has probably been asked lots of times but I am just looking for a bit of advice really. This is our situation:
I bought property in 2010, apartment.
We got married in 2012.
Had baby late 2013, I was Working for an umbrella company - long term supply teaching, from November 2012 - July 2013, I have been on SMP ever since. Hoping to go back to work in September, not to the same post but back into teaching. I get lots of calls every week asking if I am free.
We live in a apartment and really want and a family home. It isn't big enough and want to add to our family in the not too distant future. A
We have seen a house and have put an offer in for 120,000. We are looking at putting in an 18,000 deposit.
I have a few queries, firstly being would I have to go on the mortgage or could my husband do it as a first time buyer, or do I have to go on by law. Could I get a letter from my employer even though it is supply teaching? But the biggest problem being my husbands credit rating. He has been clean for about 4 years but has about 4 defaults' few late payments from 2009. On Noddle his credit rating is coming back 1/5. He earns 22500 a year. Since we moved I together 2010 everything has been fine.
Thank you in advance I have been given a broker from the estate agent but she is away for a week and this house/mortgage situation is all I can think about.
Thanks again,
Kathryn
I am new to the forum and I know that this has probably been asked lots of times but I am just looking for a bit of advice really. This is our situation:
I bought property in 2010, apartment.
We got married in 2012.
Had baby late 2013, I was Working for an umbrella company - long term supply teaching, from November 2012 - July 2013, I have been on SMP ever since. Hoping to go back to work in September, not to the same post but back into teaching. I get lots of calls every week asking if I am free.
We live in a apartment and really want and a family home. It isn't big enough and want to add to our family in the not too distant future. A
We have seen a house and have put an offer in for 120,000. We are looking at putting in an 18,000 deposit.
I have a few queries, firstly being would I have to go on the mortgage or could my husband do it as a first time buyer, or do I have to go on by law. Could I get a letter from my employer even though it is supply teaching? But the biggest problem being my husbands credit rating. He has been clean for about 4 years but has about 4 defaults' few late payments from 2009. On Noddle his credit rating is coming back 1/5. He earns 22500 a year. Since we moved I together 2010 everything has been fine.
Thank you in advance I have been given a broker from the estate agent but she is away for a week and this house/mortgage situation is all I can think about.
Thanks again,
Kathryn
0
Comments
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Sorry I just want to add that the defaults where for a missed credit card payment, £389. They are satisfied and have been since 2009.0
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You need a whole of market broker not the one from the estate agent.0
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