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First Time Buyer advice
ah002
Posts: 7 Forumite
Hello
My partner and I are looking to get a mortgage this year we have 2 children, I have a good credit record and I also earn the most my partner however has a default from 2013 which we are currently disputing but I do think it is liable to be there. we have no debt between us and we are currently looking at houses worth £125k with a £7000 deposit. We are looking at the help to buy Mortgage guarantee scheme.
I am just wondering if anyone was in a similar situation and got a mortgage this default seems to be on my mind all the time.
We aren't financially linked either so I was wondering if that gave us more of a chance?
any advice is appreciated
Thanks
My partner and I are looking to get a mortgage this year we have 2 children, I have a good credit record and I also earn the most my partner however has a default from 2013 which we are currently disputing but I do think it is liable to be there. we have no debt between us and we are currently looking at houses worth £125k with a £7000 deposit. We are looking at the help to buy Mortgage guarantee scheme.
I am just wondering if anyone was in a similar situation and got a mortgage this default seems to be on my mind all the time.
We aren't financially linked either so I was wondering if that gave us more of a chance?
any advice is appreciated
Thanks
0
Comments
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The default is a problem. If you cannot get it move consult 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 -
Would a default of £652 in March 2010 and satisfied in August 2010 cause problems with a help to buy EL ? we're going to be hopefully buying later this year with the plot due to be released in June time.
No other problems since 2010 and was accepted for a £7k 0% Credit Card with Nationwide last year, which I used to pay off finance on a car and have paid off in full since then. Now have no outstanding debt.
I will be speaking with a broker nearer the time but starting to worry we may not be able to get this house because of the default
The house is £305k hoping to borrow 75% at 228,750 with a 20% HTB loan of 61000 and 5% deposit of 15250 joint earnings are about £55k
Thanks0 -
anyone have any thoughts?0
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