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Mortgage in husband's name / adverse credit /DMP complete

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Hi.
We have just completed our DMP..as it began 7 year ago it no longer appears on my husbands credit file, all green on equifax etc however I only have one account where its been marked with 4 years of AP markers on my file. I'm challenging this to backdate a default but I don't hold out hope. 
I have 2 questions , 
Would it be possible to have the mortgage in my husbands name only ( we do have joint account ) ?
He earns over 100k per year and we want to borrow around 350k. We have a deposit of £80k from the equity in our house, plus we are saving hard all the money we used to pay to the DMP..we have no other debts than a mortgage  amd no childcare costs etc and I do work. 
Would it work to have him sole applicant and me not be credit checked?  
2.  Our current mortgage is with Halifax, would there be an issue getting a new mortgage with them as they were one of our creditors?  And would they take him only for applying for a new mortgage. 
We have always paid our mortgage on time. This was not part of the DMP
Any advice would be great! 

Comments

  • ACG
    ACG Posts: 24,559 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    edited 14 January 2021 at 11:10AM
    Quite a lot of lenders will not allow single applications for married couples, more so when the deposit is coming from a joint place. 

    Halifax may accept you, they may not. But they will have records internally going back further than the 6 year on your credit report. It is far from straight forward and without seeing credit reports it is very difficult to say for sure. 

    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Halifax will most certainly hold internal records. Might not look kindly on you taking 7 years to clear the DMP while saving money to move house. 
  • Thanks ACC. OK I'll seek out an adverse mortgage broker

    Thrugelmuir - the deposit is from the sale of our current house when the time comes and the savings are accruing as we have no further debt to pay. We didn't have a stash in the bank during the dmp. We are saving hard now to try put a bigger deposit down 
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