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Chances?
Sameasyoujustlesscash
Posts: 13 Forumite
Hi and thanks for taking the time to read and possibly help.
Right my partner and I have a joint income of 46k.
We have saved in the past 2 years 14k and we are now looking at potentially buying a house for around 120-160k.
My credit report is good with 883 on experian and partner 960 - well aware this is a score plucked out the air.
We save just over £500 a month and pay in full credit card bills each month usually around the £800 mark.
I have a default from 4 years ago with Scottish Gas for approx 2.3k - I also pay Lowell finance £80 a month for debts totalling £3k - however these are no longer showing on any reports - still paying because I'm aware a CCJ could be issued if I stopped paying.
My question is does anyone think we stand a chance of obtaining a mortgage due to this one blip or may we have to wait another 2 years?
Our tenancy runs out in the next few months and we dont really want to renew and spend mopre cash that could be going into a house instead.
We have saved hard and not missed a payment on anything for years.
What would be your next steps?
Thanks for your help / advice in advance.
Right my partner and I have a joint income of 46k.
We have saved in the past 2 years 14k and we are now looking at potentially buying a house for around 120-160k.
My credit report is good with 883 on experian and partner 960 - well aware this is a score plucked out the air.
We save just over £500 a month and pay in full credit card bills each month usually around the £800 mark.
I have a default from 4 years ago with Scottish Gas for approx 2.3k - I also pay Lowell finance £80 a month for debts totalling £3k - however these are no longer showing on any reports - still paying because I'm aware a CCJ could be issued if I stopped paying.
My question is does anyone think we stand a chance of obtaining a mortgage due to this one blip or may we have to wait another 2 years?
Our tenancy runs out in the next few months and we dont really want to renew and spend mopre cash that could be going into a house instead.
We have saved hard and not missed a payment on anything for years.
What would be your next steps?
Thanks for your help / advice in advance.
0
Comments
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You may have options here - this is a case for 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
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