DRO and getting a mortgage

sezie

3 years ago I had a debt relief order go through. I'm now in a much better place financially, I have savings and regular income. My partner and I want to buy a house together in around a years time. He has good credit and we both have around £5000 each at the moment to put into a new buyer ISA.

I posted this in the wrong place yesterday and got some advice saying that I probably would be able to get a mortgage but the rates would higher and we'd need a higher deposit. I'm wondering if it would make more sense to keep renting for the next 3 years, or to pay higher mortgage rates?

Has anyone been in the same position?

sourcrates

You would be better waiting until the DRO falls off your credit file.

You would then be a much better prospect to lenders.