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Mortgage
tor_foxwell
Posts: 16 Forumite
New to this so please be kind...
we have just made an offer on a house 227'000
We have a down payment of 23'000
my partner earns 36'000 and i earn 13'000
My partner has a good credit , with a consolidated credit card which he pays off 136.00 every month
The problem is i have in my very silly youth got into debt ( when a mortgage was the last thing on my mind) i have 2 defaults ( if i could hop into a time machine i would )
1. £650.00 that will be paid off this month and fully settled ( date of default Dec 2011)
2. £487.00 - Was paid in 2013 but Apex messed up ( i have the bank statements to prove i paid it them then ) but this will be settled as soon as they have sorted it in their accounts!(this one was defaulted Aug 2011)
Does anyone have any advice to offer about a mortgage , i am meeting with my broker on Thursday (who i know is amazing as he is my cousin ) (
I have also spoken to Barclays who i bank with who didn't seem to concerned as i explained about them.
Anyone's experience or advice would be gratefully received
we have just made an offer on a house 227'000
We have a down payment of 23'000
my partner earns 36'000 and i earn 13'000
My partner has a good credit , with a consolidated credit card which he pays off 136.00 every month
The problem is i have in my very silly youth got into debt ( when a mortgage was the last thing on my mind) i have 2 defaults ( if i could hop into a time machine i would )
1. £650.00 that will be paid off this month and fully settled ( date of default Dec 2011)
2. £487.00 - Was paid in 2013 but Apex messed up ( i have the bank statements to prove i paid it them then ) but this will be settled as soon as they have sorted it in their accounts!(this one was defaulted Aug 2011)
Does anyone have any advice to offer about a mortgage , i am meeting with my broker on Thursday (who i know is amazing as he is my cousin ) (
I have also spoken to Barclays who i bank with who didn't seem to concerned as i explained about them.
Anyone's experience or advice would be gratefully received
0
Comments
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There are lenders where this will fit criteria, but a lot of underwriters are going to see it as you satisfying them for the purposes of getting a mortgage.
I would satisfy them sooner rather than later if you plan on satisfying them as it can take up to a month or possibly longer to show as satisfied on your credit reports. Lenders treat the credit reports as gospal.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 -
thank you
I have been paying the 650.00 one off in monthly installments due to being a stay at home mother for a while...
and the other one i thought was settled was not :-/
we really want this house - is there any hope for us ?0 -
Yes, but its not for every lender and subject to credit score.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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Thank You ,
Feeling a bit stressed with it all...
Will see what the broker comes up with if anything !0 -
Not that confident in your cousin then?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
very confident in him - just not in myself!
feel annoyed with myself!0
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