need advice on whether i will get a mortage with my oh

moneysaver12

My fiancee has his own house which has a mortage on it and i live in private rented, my problem is i got two credit cards out one of which im paying for and the other one i haven't paid for a year i have been trying to sort a payment arragment out, i am on disablity benfits and at the time i wasn't having to pay much towards my rent so that money went towards my credit card, now i have to pay a lot towards my rent so couldn't pay the full amount on my credit card, im going make payments each month for my credit card. As a result of this my credit rating is terrible. My fiancee is going to see his house next year and we want to get a house together, but i dont want his ablity to get a mortage to be affected by my credit rating. What would happen if i keep paying off my credit card each month and we apply for a mortage together, would they turn us down, would he be better off doing it just in his name, we will need a bigger mortage due to house prices.

IveSeenTheLight

moneysaver12 wrote: »

My fiancee has his own house which has a mortage on it and i live in private rented, my problem is i got two credit cards out one of which im paying for and the other one i haven't paid for a year i have been trying to sort a payment arragment out, i am on disablity benfits and at the time i wasn't having to pay much towards my rent so that money went towards my credit card, now i have to pay a lot towards my rent so couldn't pay the full amount on my credit card, im going make payments each month for my credit card. As a result of this my credit rating is terrible. My fiancee is going to see his house next year and we want to get a house together, but i dont want his ablity to get a mortage to be affected by my credit rating. What would happen if i keep paying off my credit card each month and we apply for a mortage together, would they turn us down, would he be better off doing it just in his name, we will need a bigger mortage due to house prices.

I'm sure there will be posters on here saying that house prices will and are already coming down, check this out for your area, it wont be true for all areas.

Regarding your application, if you have terrible credit rating then there is a very good chance it will affect your mortgage affordability.

regarding the credit card issue, try consolodating the payments into one card, possibly even with a 0% balance transfer and make sure you pay at least the minimum every month

the best advise to give you is to go see an independant financial adviser to explain to them in detail your situation and let them advise how you stand and what you can do

Good luck.

P.S. go have a look at the Debt Free Wannabe boards for loads of help and sympathy in clearing your debt