Credit club

Ang8685

Any advice would be great. Logged into credit club as looking to get a bigger mortgage. Affordability is low? We earn around £40k a year only debt is £3.8k on a credit card plus £398 mortgage payment. Really putting me off going for bigger mortgage

[Deleted User]

You'll need to provide a lot more detail.

Deposit? Amount looking to borrow? Credit history?

Don't use the credit club to find a mortgage. Use a broker if you're not confident in sourcing one yourself.

Ang8685

Yes we are now going to go down broker route. New build £190k deposit after sale of house £35k. Excellent credit score for both us (although I now know this doesn’t really mean much) got a AIP for Halifax for up to £206k with 5% deposit.

[Deleted User]

There you go then.

Never let yourself be made sad by a random number given to you by someone who will never lend you money.

MEM62

Ang8685 wrote: »

Excellent credit score for both us (although I now know this doesn’t really mean much)

Yes, you are right. As ZX81 has already indicated, it is your history that is important.

Ang8685

History is all good no late/missed payments defaults etc do the above figures seem realistic with our income?

[Deleted User]

This is what your broker is for. He or she will review your circumstances in detail and place your application with the right lender.

All we can give is general advice.

Ang8685

Ok thanks we are going to go down this route. I’m assuming Halifax AIP aren’t reliable?

[Deleted User]

No AIP is worth very much at all.

Ang8685

I’ve read different threads regarding AIP not worth the paper they’re written on. Thanks for your help.