Claimed Government grant and been able to get a mortgage?

mitt123

Thrugelmir said:

Unfortunately your credit history is set in stone. Improving it going forward needs to be a priority objective. The reference to the overdraft usage in particular. 

I have a good credit rating now! But am working on reducing overdraft bit by bit. Its only 1100 now, so not horrific

Thrugelmir

mitt123 said:

Thrugelmir said:

Unfortunately your credit history is set in stone. Improving it going forward needs to be a priority objective. The reference to the overdraft usage in particular. 

I have a good credit rating now! But am working on reducing overdraft bit by bit. Its only 1100 now, so not horrific

Forget the score. Lenders look at the factual history when processing applications. How personal finances are managed tells the lender a lot about the potential borrowers. 

mitt123

Ah ok!! Thanks

Sparklestar1127

mitt123 said:

Yes, he is busier than ever. He has also been told at mo not to take second grant. 
Our mortgage advisor said we were easily within the affordability but they were concerned about our monthly outgoings. Our parents have offered to clear debts but MA has said this isnt necessary?
Its going to cost us 5k to buy out of nationwide 😫
What is platform? (Im new!)

It’s the CO-OP that’s all 😊 and yeah it’s going to cost us 5.8k. So I’d rather the NW do it for us lol 

mitt123

Forget the score. Lenders look at the factual history when processing applications. How personal finances are managed tells the lender a lot about the potential borrowers. 

@Thrugelmir Do you think its worth paying it off now then as they already have 3 months statement with it on 🙈 although I have slowly been reducing it

khtaylor

My partner and i had ro withdraw from our purchase because nationwide declined our mortgage on the grounds of being in my overdraft during lockdown (£1250 but was cleared at the time of application), they said we were using the seiss as part of deposit even though we had other funds available for deposit) 

mitt123

No way?? Could you not have tried another company?
We've gone with halifax now so fingers crossed!!