Mortgages

Bmackender

Hi,
My fianc! and I are looking to buy our first home and have secured an AiP from Barclays for an £85k mortgage.
We have a 5% deposit and earn £52k between us each year.
My concern is that I still have a student overdraft but have a credit score in the high 400s. My fianc! has a lower credit score but is a loyal Barclays customer who has no debt.
I declared all of my student debt in full but I am still tying myself in knots that I’ll be the reason we don’t get a mortgage
Thanks in advance,
Bmack

Edi81

You don’t have a credit score.

You sound as though you will be fine based on what you’ve written.

ceb1995

Bmackender wrote: »

Hi,
My fianc! and I are looking to buy our first home and have secured an AiP from Barclays for an £85k mortgage.
We have a 5% deposit and earn £52k between us each year.
My concern is that I still have a student overdraft but have a credit score in the high 400s. My fianc! has a lower credit score but is a loyal Barclays customer who has no debt.
I declared all of my student debt in full but I am still tying myself in knots that I’ll be the reason we don’t get a mortgage
Thanks in advance,
Bmack

if you declared it all and you got an AIP i wouldn't panic over it as long as you don't let the debt increase beforehand:)

ACG

You are applying for less than 2x your income.
You will not have a problem on affordability.

Bmackender

Thank you - you’ve made me feel so much better ☺️