Partner poor credit - any chance of getting a mortgage?

Becky19

Hi everyone, I'm after some advice. In about 12 months me and my partner are hoping to buy a house together. Unfortunately his credit history is terrible, and so I want to  know if it's even going to be possible.

Some background info 
- I currently own my house and have a mortgage in my sole name with Nationwide
- My income is £21.5K but I'm waiting to hear back from another job I've applied for (if I get this salary will be £27K)
- I have some credit card debt and a loan but they're due to be paid off fully by November
- My credit history is very good, no late payments etc 

Before we moved in together my partners finances were a mess, but we've managed to get his debts paid off. 
- He earns about £7.5K
- 6 defaults on his credit file. Date of the defaults range from March 2017 to October 2020.
- All have now been paid off and show as satisfied or paid & closed
- There are 4 more accounts which haven't defaulted but each have many late payments. 2 were closed in 2019 and 2 in April 2020. 

We will have a £30K deposit and be be hoping to buy something between £150K - £160K. Is this possible? Are there any lenders out there who would be suitable for us? Is there anything we can do between now and the end of the year to improve our chances? When the time comes we will definitely use a mortgage broker - I'm just worried in case we have zero chance?
Thanks, any advise appreciated! 

[Deleted User]

if you are going to get that new job and be debt free then you are probably better to try do it in your name for now until he can access better rates.   It might be possible to have him on the mortgage but it will cost a lot more each month.  

Becky19

Deleted_User said:

if you are going to get that new job and be debt free then you are probably better to try do it in your name for now until he can access better rates.   It might be possible to have him on the mortgage but it will cost a lot more each month.  

Thanks for the response. I did actually suggest that to him but he isn't keen on the idea - he wants it to be our house and not feel like "my house". Do you know if it would be possible for him to be on the deeds but not the mortgage? 

K_S

@becky19 Unfortunately, afaik there aren't any products anymore which allow someone to be on the deed but not on the mortgage.

DCFC79

Could you not wait a while before you get a mortgage ?
Time is the best healer ?