Trying to get myself mortgage ready

Catyy

Hi,
Been a member for a while but never posted - so Hi all.

My husband and I have decided we want to buy a house, great news. Bad news is my credit at least, is not great. So 2020 is a mission to improve my credit and deposit. The aim is 12 months, Jan 2021.

I thought by declaring this on the internet it will give me the boost to stick to it.

My credit at the moment isn't great for a few reasons. Two late (although not 'missed') payments in the last twelve months. One on a store card, now paid off and closed down, one on a credit card. I've since learnt my lesson and have direct debits for everything. One default which is now 9 years old and no where to be seen on my credit report, so hoping this won't be an issue.

I've recently done a bit of credit card / loan moving about due to better rates, so a few hard searches on my file. Flip side is my outgoings are lower due to better repayments, saving around £100 a month which is good news for the deposit fund.

10% deposit might be a struggle, but should be able to manage over 5%.

Anyways - that's the plan. Might not look ideal but trying to be positive.

Thanks for letting me ramble on!

Thrugelmir

Catyy wrote: »

I've recently done a bit of credit card / loan moving about due to better rates, so a few hard searches on my file. Flip side is my outgoings are lower due to better repayments, saving around £100 a month which is good news for the deposit fund.

Longer term much better to simply clear the debt. Why pay unneccessary interest?