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Urgent advice needed

Bradgbrl1987
Bradgbrl1987 Posts: 17 Forumite
in Mortgages & endowments
Hi guys

I’m going to see a mortgage broker this Saturday to start applying for a mortgage, what’s my chances in my scenario details below

I had a payday loan 2 years ago and another’s before that

I’ve a few credit cards total value £22k outstanding is about 3k

No missed payments at all no loans no HP and no customer bankruptcy etc

I earn about 4K a month and pay a phone I’ll and car insurance

Advice please appreciate your time as well

Thanks
«1

Comments

  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Not enough information here to take any sensible view.

    Nothing here though is alarming so trust your Broker at the weekend.
    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.
  • ACG
    ACG Posts: 24,685 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I agree with amn, nothing that will prevent you getting a Mortgage. Some lenders will be ruled out due to the pay day loans, but no reason why you can not get a decent rate mortgage - based solely on what you have said.
    I am a Mortgage Adviser
    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.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Why do you need "urgent advice" if you're going to find out the answer on Saturday anyway?
  • Bradgbrl1987
    Bradgbrl1987 Posts: 17 Forumite
    Thanks

    I didnt want to go there if it was a waste of time and possibly apply and get rejected making it worse?

    What more information would you need fro get a better picture?

    Thanks for your help
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    What more information would you need to get a better picture?

    How big is your deposit?
    How much have you for costs?

    How much do you need to get a decent place.
  • Bradgbrl1987
    Bradgbrl1987 Posts: 17 Forumite
    I have 80k looking at £400k property’s

    Out of that’s will be my costs
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Bradgbrl1987 wrote: »
    Thanks

    I didnt want to go there if it was a waste of time and possibly apply and get rejected making it worse?

    What more information would you need fro get a better picture?

    Thanks for your help

    A mortgage broker won't start the application for a mortgage until (s)he has done a fact find first.
  • Bradgbrl1987
    Bradgbrl1987 Posts: 17 Forumite
    Forgot to mention

    It’s a joint application she earns

    £30k
    No debts no loans no up no previous either

    Thanks
  • Kidder81
    Kidder81 Posts: 98 Forumite
    Fifth Anniversary 10 Posts
    Why on earth did you take out a pay day loan when you earn circa 50k a year?!
  • Bradgbrl1987
    Bradgbrl1987 Posts: 17 Forumite
    It was 2 years ago I just started an apprenticeship and needed some quick money at the time I thought it would be good for my report as it’ll be a repaid loan in full. Nows proving not to be the case
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