Help please first time buyer

LegalCashier

Hi all,

I'm looking into buying my first home with my other half. I have £20,000.00 saved and him £15,000.00. I earn £18,500.00 and him £17,000.00 (we both get overtime and bonuses but I've not included this as its not always guaranteed but comes to about £1,000.00 each a year)

He has perfect credit never a late payment and only ever had a phone contract.

Me on the other hand not so great. When I was 19-20 I changed jobs from a weekend retail job to a full time business admin job. I walked out after just over a month after unwanted advances from my boss. I was young, naive and embarrassed and had no reference. From October 2011 - April 2012 I was unemployed and got into serious debt quickly.

Now 24-25 I have a stable career and have saved like a mad woman. My questions are:
Below is my credit report (personal details taken out)
1. What should I be most concerned about regarding my report and is there anything I can do to improve it
2. What date will it all be clear (I'm unsure if it's the default date or satisfied date plus 6 years)
3. Would every bank send me away right at this moment, would it be best to wait
4. I had some Wonga defaults on my credit report a few months ago they were all taken out end of 2011 but they are no longer there, have they fallen off before 6 years?

Thank you in advance and sorry if I am being extremely dense!


Active
HSBC Current Account
Started 08/11/2005
54 months ago 1 missed payment for 1 month

Aqua Credit Card (got to rebuild credit and have always paid in full)
Started 29/04/2015
Limit: £1,200.00

Settled
HSBC 2nd Current Account
Started: 09/09/2010
Settled: 02/02/2012

EE/Orange
FCS disconnected
Started: 03/03/2011
Settled: 15/06/2012
5-8 months missed payments (started paying back after 5 months took 3 months)

Santander
Started: 08/08/2011
Settled 28/04/2014
Last activity 24 months ago - 6 months missed payments

Shop Direct Finance Company
Started: 01/12/2010
Settled: 02/07/2011

Defaults
PRA Group
Started: 30/09/2011
Default: 02/01/2012
£131.00
Satisfied: 18/01/2014
Partial settlement: 01/08/2014

Home Retail Group
Started: 03/04/2010
Default: 11/11/2011
£761.00
Satisfied: 31/05/2013

Ikano Bank
Started: 19/05/2011
Default: 09/01/2012
£276.00
Satisfied: 31/07/2012
Partial settlement: 01/07/2012

marksoton

You need to put all 3 of your credit reports in front of a decent independent broker to look at.

LegalCashier

Thank you - I do plan to do this I just want to save myself embarrassment and know in advance if it all is wishful thinking

Penelope_Penguin

1. Are you on the electoral roll?

2. Do you use your Aqua card every month, then pay it off in full every month?

Best of luck!

marksoton

LegalCashier wrote: »

Thank you - I do plan to do this I just want to save myself embarrassment and know in advance if it all is wishful thinking

That's why you go to a broker. They'll assess your situation in full and then suggest any suitable lenders.

LegalCashier

Penelope_Penguin wrote: »

1. Are you on the electoral roll?

2. Do you use your Aqua card every month, then pay it off in full every month?

Best of luck!

1. Yes

2. Yes every month, I spend averagely £50.00 on it and pay off in full when the statement comes in. Never missed a payment or paid the minimum always in full

Penelope_Penguin

LegalCashier wrote: »

1. Yes

2. Yes every month, I spend averagely £50.00 on it and pay off in full when the statement comes in. Never missed a payment or paid the minimum always in full

Good! I know very little to answer your original question, but am aware that both of these will help your application.