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Help to buy mortgage with bad credit

Gb1983
Gb1983 Posts: 1 Newbie
in Mortgages & endowments
Me and my husband are hoping to buy a help to buy property next year. He currently has a poor credit history with a default due to be removed in two months. I already have a property which we are selling in the next few months as we live in a rented accommodation.

My question is will his credit file improve enough to get a mortgage? he earns a very good salary and has no other credit problems except a loan for £6500 which paid for our wedding and a credit card with a £1000 on it. He has not had any payment issues in over 4yrs.

Also am I doing the right thing in selling my property first?

Thanks
G

Comments

  • jessnat995
    jessnat995 Posts: 108 Forumite
    Im no adviser but i would say you would be ok,
  • Resolver
    Resolver Posts: 2 Newbie
    I am an retired adviser and I would say that will not be a problem
  • kingstreet
    kingstreet Posts: 39,445 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I am an HTB/Newbuild specialist and I also say you will have high street options.
    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.
This discussion has been closed.
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