Getting a mortgage with arrangement to pay?

Hmsxoxox

Hi!
Me and my partner were looking into buying our first house next June when our tenancy runs out. Upon looking at our credit scores I've immediately seen what will be a red flag and worried that we will have to now wait another 3/4 years to buy.
My partner has no late payments/defaults but I on the other hand have 4 'up to 1 month payments' which will be 5 years old when we apply and a few arrangements to pay which will be just over 3 years old. All from when I were 18 and stupidly living off credit!
We have a 10% deposit and will want to borrow 120k
Has anyone managed to get a mortgage with a situation like this before or will we have to wait until they drop off my report? thanks!

ACG

Hit and miss as to whether you will be able to get a mortgage or not, I can think of 2-3 potential lenders with a 10% deposit. You will have more options if you can get to 15%.

I think it would be a good idea to get a broker with experience in adverse.

[Deleted User]

Lenders never see your credit score...fact, Look for a "whole of market broker" they have access to more deals.

Hmsxoxox

Hi thanks for replying!
The house is 140k and we have 20k, we were going to put 14k deposit down and have 6k to do bits that need doing to the house but if putting more of a deposit down would give us more of a chance i would of course rather put down it all and do the house up gradually.
How do we go around finding a good broker? We have booked an appointment with one in our local estate agent to get an idea of what we can borrow.

ACG

Hmsxoxox wrote: »

How do we go around finding a good broker? We have booked an appointment with one in our local estate agent to get an idea of what we can borrow.

By avoiding estate agent brokers.
Typically (more so if part of a national chain), they are heavily targeted for sales, new to the industry and have a reduced panel of lenders - although just enough to be classed as whole of market.