joint or single application

chorea

Looking for advice we are hoping to get a personal loan for around £11,000 for essential home improvements i have an excellent credit rating with both experian and equifax my parners is average to good on both, would i be best submitting a single application or should we go for a joint application? It's for a house that i currently rent out.

thanks in advance

System

£11k on improvements on a house you're renting out? Are you barking mad? I refurbished an entire 2 bed house I was renting out which the tenant wrecked for less than that including replastering/skimming the entire property and replacing half the windows.

With a property you're renting out you do no improvements at all because the tenant is likely to wreck them, if not the current one then a future one. You do maintenance work to keep the property to a decent standard and you save improvements for when you move back into it. The only improvements you must do are those such as insulation in order to bring the property up to the minimum energy efficiency rating if your local authority require it.

PeacefulWaters

chorea wrote: »

Looking for advice we are hoping to get a personal loan for around £11,000 for essential home improvements i have an excellent credit rating with both experian and equifax my parners is average to good on both, would i be best submitting a single application or should we go for a joint application? It's for a house that i currently rent out.

thanks in advance

Excellent and average. Wishy washy words like wishy washy random numbers. 958 and 792 I'll guess.

What negative information is on who's file?

chorea

My partner has 1 missed payment from 14 months ago and my report is squeaky clean!

chorea

i will be moving back in within the next couple of years but got a really good offer on a loft conversion that we will need and will not beat the price that's why we need the loan now.