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Mortgage Application & Wonga Redress

Ajh0001
Ajh0001 Posts: 2 Newbie
First Post
in Mortgages & endowments
I am about to start the process of applying for a mortgage with my partner. I have £5200 saved in a help to buy isa and £6000 in another savings account. She has a similar savings total and income / outgoings as I do. I take home £1700 / month after tax and have £400 total outgoings when food and fuel is taken into consideration. 
According to Experian my credit score is 999. However last month I have a £20 income from "WDFC-Redress". I am now worried that showing on my latest bank statement will ruin any mortgage application. Can somebody please shed some light on this?

Comments

  • Ajh0001
    Ajh0001 Posts: 2 Newbie
    First Post
    I should note I haven't used payday loans for at least 8 years. I just made some bad decisions when I was younger
  • bamgbost
    bamgbost Posts: 484 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Ajh0001 said:
    I should note I haven't used payday loans for at least 8 years. I just made some bad decisions when I was younger
    This shouldnt affect your application.
    Its from over 5 years ago. I dont see any reason to fret over it.
    365 Day 1p challenge - £371.49 / 667.95
    Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
    DFW - £TBC
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