We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Is there any chance?
zippy666
Posts: 3 Newbie
Hi, just wanted to ask a question - I know a lot will depend on how things are at the time etc but just wanted to get an idea so any help/advice very welcome.
We have had debt trouble in the past but will soon be clear, by the time we apply for a mortgage we will be debt free and have no adverse credit on our file. we will be 50 & 45 both in good jobs for over a year and no other credit apart from one credit card each with a balance of less than 1000.00, we have 3 children under 18.
Would we get a mortgage? We will have at least 20% to put down.
I know its hard to ask such a question but just wanted to know if we were just dreaming - we would be first time buyers. thanks
We have had debt trouble in the past but will soon be clear, by the time we apply for a mortgage we will be debt free and have no adverse credit on our file. we will be 50 & 45 both in good jobs for over a year and no other credit apart from one credit card each with a balance of less than 1000.00, we have 3 children under 18.
Would we get a mortgage? We will have at least 20% to put down.
I know its hard to ask such a question but just wanted to know if we were just dreaming - we would be first time buyers. thanks
0
Comments
-
Are you saying all your previous problems will be at least 6 years old?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
they will have all been over 6 six years ago0
-
Then it all sounds possible Zippy - but do use a mortgage broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.6K Banking & Borrowing
- 254.8K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.2K Work, Benefits & Business
- 605.7K Mortgages, Homes & Bills
- 179K Life & Family
- 263.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards