Couple with opposite extremes of credit score looking to buy a home

twigletsandtea

My Girlfriend and I will be looking to get a place of our own in around 12-18 months.
I have a decent enough job (By the time I'm looking to buy I should be somewhere between 20-23k Salary hopefully) but a terible credit score (Very Poor at the moment, should be up to Fair but with unexpired defaults. Rough past, long story).

My Girlfriend on the other hand has an excellent job (Salary 30K+) and a perfect credit score.

So, my questions is, what are our chances of getting a mortgage? And how can we maximise those chances? Even if it means her taking out the mortgage alone and myself being added to it, listed as a tennant, pitching a tent in the shed, I'm open to all options here.

If it matters we're both in our mid-20's.

Madbags

All I know is the guys on here will say your credit "score" is irrelevant. What's more important to the lender is the actual information on your credit report such as any current defaults & how much they are for.


My credit score has been "terrible" for years, I even had to take out a Debt Relief Order because I got into trouble and we got accepted for a mortgage in December last year. I made sure as hell all the defaults on my credit score were satisfied/part settled etc. after the DRO moratorium ended.

Thrugelmir

twigletsandtea wrote: »

And how can we maximise those chances?

Channel everything you can into saving a larger deposit. As it's it not just a question of the amount you save. But demonstrating clearly to a potential lender that you have the discipline to save and learnt from the past.

amnblog

You options will depend on so many factors you have not mentioned such as purchase price, mortgage required, and source of deposit.