Chances of getting a mortgage with payday loans.

sim2335

No missed payments most paid of early.

Buffa loans x 2 - 

took out feb 20 paid in feb 20

One for 200

Other for 400

Oakbrrok finance 

feb 2020 2000 paid off by spetmber 2020

3 x apfin 

all 100 each

 all paid off June 2020

Mr lender 

400 took out jan 2020

Paid back jan 2020

Lending stream x 3 - 

took out feb 2020 paid in feb 2020

2 not showing balance

One for 511 

Evergreen terrace x 2 

500 each

Both took out jan 2020 and paid back jan 2020

Elevate credit x 5

Took out jan and feb 2020 

each for 100-150

All paid of In feb and march 2020

When we be a good chnace to get mortgage if my credit rating very good and just 2 loans total 4k

Also any case I can get these removed and I was manuipultwd and groomed by a gambler who harrsed me and always promise to pay every penny back., I blocked him from everything once it dawn on me what’s he doing, after seeking help

So if I  get one this year I can put deposit beetween 5-10k

Next year deposit about 20k (and no loans on my file)

House price 100-170k

sim2335

My salary 950 a month outgoings 300-400 (including debt repayments)a month

End of Next year salary will be 1500 a month outgoing 200-300

FutureMortgageSeeker

I can't advise as to your situation but just wanted to warn that a user called underground99 may well be along to lecture you on the use of payday loans before a mortgage, and suggest you're trying to avoid blame.

sim2335

Thanks, I’m not trying to avoid all blame but I was genuilly scam by a con man.

of course some of its my fault, for believing him, but because he let me in his house met his wife etc and never ran away like most scammers, and I didn’t know at times payday loans effect mortgage, and he gamble most my salary so needed money for basic things 

sim2335

I was thinking of writing to payday loans company as see if they can remove them as a gogw considring the  circumstances, and I have evidence but may make things worse as they would ask why did you put hoidlay as reason

Jen271626

Is that your take home pay before or after tax?

sim2335

Jen271626 said:

Is that your take home pay before or after tax?

Take home pay after tax

Jen271626

Don't think you'd manage it with those figures this year. Have you used a mortgage calculator to see what you could borrow? Even next year you will struggle to get a mortgage for that amount. Would you maybe consider a shared ownership new build or something? Defo hold off for next year though when your income is higher, outgoings lower and its longer since the payday loans.

sim2335

Why not next year? I can put down 20-25k deposit house 100-150k on top my earning after outgoing 1200 a month spare, and I won’t have any debts. (which I can use towards monthly mortgage payments)and very good credit rating

Jen271626

What will your monthly income be before tax etc is deducted?

sim2335

Jen271626 said:

What will your monthly income be before tax etc is deducted?

1841.67 before any deductions