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Excellent + Terrible = good?
Jamesrc
Posts: 2 Newbie
Hello,
Looking to get a mortgage with my partner, and would appreciate some advice from the community here.
I've got terrible credit rating (just over 500), my partner has a fantastic one (700+ probably, 5/5).
We have a large(ish) deposit, £50,000. And stable full time jobs, £40,000 (me), £28,000 (her).
What's the best way to go about getting the mortgage? Will the combo of her good score and the deposit help? She could be the only one on the mortgage, but this would limit what we could buy to studios (in London....arg).
Appreciate your thoughts.
James
Looking to get a mortgage with my partner, and would appreciate some advice from the community here.
I've got terrible credit rating (just over 500), my partner has a fantastic one (700+ probably, 5/5).
We have a large(ish) deposit, £50,000. And stable full time jobs, £40,000 (me), £28,000 (her).
What's the best way to go about getting the mortgage? Will the combo of her good score and the deposit help? She could be the only one on the mortgage, but this would limit what we could buy to studios (in London....arg).
Appreciate your thoughts.
James
0
Comments
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Scores matter not a jot - detail does.
Get your reports in front of a mortgage brokerHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Scores are worthless, as SPM says.
Sadly though it does not work like the title suggests though. It can do, but only in the rare of cases and it still needs to fit criteria etc.
As suggested, get your credit reports (experian, equifax, noddle) in front of a decent experienced broker.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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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