Joint Mortgage - Chances?

dilemma10

No longer relevant.

ashp_2

Forget the "points". How many defaults do you have and how old are they?

I'm quite certain you could get a mortgage with the help of a broker depending on the size of mortgage you want.

dilemma10

ashp wrote: »

Forget the "points". How many defaults do you have and how old are they?

I'm quite certain you could get a mortgage with the help of a broker

Unfortunately it's not great - let's just say I was a little daft in my hey day. I have one for approximately £285 which drops off this July; one for £315 which drops off in May 2018 and another which is satisfied but drops off in 2020. So they range between nearly 6 years old, 5 and 3.

I also have a student overdraft, a substantial HP agreement which I am trying to get out of or at least settle somehow but minimal borrowing on credit cards (I only have 1 with a limit of £250 which also seems to be putting a negative effect on my credit rating).

In short, I don't have much debt as such, they are historical issues but they really seem to be affecting my credit rating :mad:

dilemma10

ashp wrote: »

Forget the "points". How many defaults do you have and how old are they?

I'm quite certain you could get a mortgage with the help of a broker depending on the size of mortgage you want.

Forgot to say, the mortgage is approximately £360k with at least a £60k deposit, possibly more like £80k. Problem is it's all weighted towards the partner as he has all of the equity and cash. But the mortgage payments would be 50/50 as we both earn the same amount he just has more assets as is older and possibly wiser!

ashp_2

Reduce your debts as much as possible, May as well wait for the first default to drop off. Use a decent broker. I'm sure you will be fine. As you mentioned a 25% deposit will work nicely in your favour.

dilemma10

ashp wrote: »

Reduce your debts as much as possible, May as well wait for the first default to drop off. Use a decent broker. I'm sure you will be fine. As you mentioned a 25% deposit will work nicely in your favour.

Thanks so much - that gives me a bit of hope. Yes, I think waiting for that default to drop off would help. He has gone from wanting to buy next summer to us looking at houses now, which is brilliant but a bit of a shock to the system as I was wanting to get myself uber straight this year before we embarked on mortgages!