Potential Mortgage Issues

WSusie

I am about to apply for a first time mortgage but after checking my credit files I am getting different results. The one I currently use states I am 'stable' but another one says I have poor credit.... I am confused as I have no defaults, missed payments, CCJ's etc etc. In my favour I will have a very large deposit of around £225k after the current house I live in sells and am looking to apply for £70/65K max. I have £4k on a couple of cards and a car loan which finishes in 2 years, but have just paid off £4k on another card which won't show up on my credit file yet. I have had my current job for 6 years. I don't want to start trawling round the banks getting lots of searches on my file. Am I likely to get accepted? Not sure where to start?

MovingForwards

Ignore the stable, fair, poor and scores as banks / building societies have their own way of internal scoring and criteria.

With that type of deposit and LTV requirement a broker will help you, do all the legwork and save you the time/effort of looking by placing you with the most suitable lender.

Jennygoodegg

Hiya
A good broker will go through your credit file and get you the best mortgage rate possible. Good luck

Socajam

Why not pay off the CCs and car loan and just have the mortgage without any additional debt?