What are my chances...?

Paully232000

dilemma10 wrote: »

Thank you for this - yes I should do really, but he's not the type to take it very well given that he was already concerned about being linked financially when we moved in due to an ex girlfriend's previous money issues.

See mine are pretty ridiculous as affordability is not the issue!!!

Grrrr....

I know he might be annoyed, but if it was me I think i would rather find out about this from you, in the comfort of our living room than when we are in the mortgage providers office and they ask about debts etc

dilemma10

Paully232000 wrote: »

I know he might be annoyed, but if it was me I think i would rather find out about this from you, in the comfort of our living room than when we are in the mortgage providers office and they ask about debts etc

Thank you - you've been really helpful.

Do you think the small amounts might help, especially if they are all satisfied?

It'd be worse if they were for thousands... or does it not work like that???

Jhoney_2

dilemma10 wrote: »

Thank you for this - yes I should do really, but he's not the type to take it very well given that he was already concerned about being linked financially when we moved in due to an ex girlfriend's previous money issues.

See mine are pretty ridiculous as affordability is not the issue!!!

Grrrr....

What were the issues? Was it getting ready to move in with bf? or a few ad hoc spending sprees etc? Think about the cause so it can be avoided in the future.

Then you will be able to explain to b/f (who has been there before), with a clear insight as to how it it will be different going forward.

That- and carrying it through, should help him to support you and allay his understandable fears.

Jhoney_2

dilemma10 wrote: »

Thank you - you've been really helpful.

Do you think the small amounts might help, especially if they are all satisfied?

It'd be worse if they were for thousands... or does it not work like that???

Small amounts should help, but some lenders may look at your attitude to fulfilling your obligations to the lender e.g it small, so it can wait or is not important somehow, imo. Some Lenders may view a borrower struggling to pay a higher amount (thousands) as understandable because money is finite - note, understandable -not better or acceptable.

All you can do is fix what debt you have asap, because as you've seen - it just gets worse.

dilemma10

Jhoney wrote: »

What were the issues? Was it getting ready to move in with bf? or a few ad hoc spending sprees etc? Think about the cause so it can be avoided in the future.

Then you will be able to explain to b/f (who has been there before), with a clear insight as to how it it will be different going forward.

That- and carrying it through, should help him to support you and allay his understandable fears.

In all honesty I am terrible at checking post - not helped by a flat where it's locked away communally. Terrible terrible excuse. I wish I could say it were spending habits.

One of the defaults is an annoying gym membership where I wanted to cancel almost a week after I had signed up.

glasgowgirl80

I hate to say it but small amounts are sometimes viewed in a worse light. E.g. If you cant be responsible with a £200 debt then why should the bank think you will be responsible with a £200,000 one?

My husband was similar to you and had a couple of defaults for very small amounts and we struggled to get a mortgage. We paid them off, waited a year and now we are getting ready to move into our new house!

Be honest with your partner though, relationships are about trust and he will find out anyway.

Jhoney_2

dilemma10 wrote: »

In all honesty I am terrible at checking post - not helped by a flat where it's locked away communally. Terrible terrible excuse. I wish I could say it were spending habits.

One of the defaults is an annoying gym membership where I wanted to cancel almost a week after I had signed up.

Perhaps you and OH can make it a Sunday Morning thing that you do together after breakfast and the papers? Take them back to the flat, have a coffee and open them all, discuss and plan - knowing you can take action the next day(Monday).

Then go enjoy the day!

dilemma10

glasgowgirl80 wrote: »

I hate to say it but small amounts are sometimes viewed in a worse light. E.g. If you cant be responsible with a £200 debt then why should the bank think you will be responsible with a £200,000 one?

My husband was similar to you and had a couple of defaults for very small amounts and we struggled to get a mortgage. We paid them off, waited a year and now we are getting ready to move into our new house!

Be honest with your partner though, relationships are about trust and he will find out anyway.

Wow, was that only after a year of clearing the defaults or were they about to drop off any way?

glasgowgirl80

Well, to be fair, my husband is not going on the mortgage for the new house, but that's nothing to do with his credit report just a choice we made for other reasons. That said, we were able to get a mortgage once his defaults were satisfied for six months we just couldn't find a house we liked - this was with the credit union though so not necessarily a conventional lender.