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Partner has poor credit rating, whats the best option

keeer · 2015-08-03 18:19:27

This has been asked a million times before I'm sure, just the advice is usually mixed: I have a large deposit (50k) and have a decent income (lets say 40k), partner has no deposit and a good income (lets say 30k), she's also working towards a PhD and has some guarantee that her income will top mine in the next 5 years. No…

Comments

ACG Posts: 24,710 Forumite

6 August 2015 at 10:21AM

I can not comment for all brokers as we all have different compliance procedures but with ours we have to run the calculator before doing the DIP. If it does not pass affordability there is no point doing the DIP.

Sounds like you have it sorted now though and have probably put more into it than the broker did.

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You 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.
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