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Preparing for a Mortgage Application

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  • bigstevex
    bigstevex Posts: 919 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Live in the house for 6-12 months, clear up your banking history, let the defaults drop off and pay your friend off.


    You'll be in a much stronger/happier financial state after 12 months.


    If you're making monthly payments of that size, as previously stated the underwriters will see it and alarm bells will ring.
  • LawAbiding
    LawAbiding Posts: 295 Forumite
    Fourth Anniversary 100 Posts
    bigstevex wrote: »
    Live in the house for 6-12 months, clear up your banking history, let the defaults drop off and pay your friend off.


    You'll be in a much stronger/happier financial state after 12 months.


    If you're making monthly payments of that size, as previously stated the underwriters will see it and alarm bells will ring.

    Thanks bigsteve, when you say clear up your banking history, any specifics?
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