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Rehabilitation...
3narf
Posts: 11 Forumite
Hello all,
OK. We recently sold our house to pay debts and get straight. I'd lost my job in 2012 and basically lived on credit cards (still working but not paid enough to cover everything) until I had to admit defeat and enter into a DMP.
Anyway, everything is paid up; I repaid the debts in full and we're now living in rented accommodation with a lease for a year. We want to buy a house again in the summer; we have a good deposit but I want to do everything I can as soon as possible to ensure we can get a mortgage.
I'm aware the episode will stay on my credit rating for six years, but what can I do to improve things, and make sure we can get a decent mortgage next year?
Thanks, Andy
OK. We recently sold our house to pay debts and get straight. I'd lost my job in 2012 and basically lived on credit cards (still working but not paid enough to cover everything) until I had to admit defeat and enter into a DMP.
Anyway, everything is paid up; I repaid the debts in full and we're now living in rented accommodation with a lease for a year. We want to buy a house again in the summer; we have a good deposit but I want to do everything I can as soon as possible to ensure we can get a mortgage.
I'm aware the episode will stay on my credit rating for six years, but what can I do to improve things, and make sure we can get a decent mortgage next year?
Thanks, Andy
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Comments
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With no amounts, registration dates, loan to value/deposit etc it's impossible to say what will be possible or when.
On the run-up, speak to an independent broker with copies of all three versions of your credit file in hand.
It also goes without saying to make sure everything is paid on time between now and then.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Three versions of credit file? Excuse my ignorance...0
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Equifax, Experian, Call Credit.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Try noddle.co.uk for the Call Credit info, and clearscore.com for the Equifax info.
http://www.moneysavingexpert.com/loans/credit-rating-credit-score0 -
and clearscore.co.uk for the Equifax info.
That address is a large format screen printing service in Suffolk.
clearscore.com is the one you wantLet's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
Thanks for the tip though - I didn't know there was a free way to see the Equifax credit record.Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
Thanks all. I'll have a look at those.0
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