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Would one late credit card payment affect chances of getting a mortgage?
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thegreat9799
Posts: 1 Newbie
My partner and I are looking to buy our first home. We were checking our credit reports yesterday and found that my partner had one credit blip 2 years ago where they made a late credit card payment (~£30). This is the only mark on their credit report, and their credit score is currently excellent. I don't have any blips on my credit reports and my credit score is excellent.
Would my partner's one late payment affect our chances of getting a mortgage from a lender? Anyone with the same/similar circumstances been through the same thing? Thanks!
Would my partner's one late payment affect our chances of getting a mortgage from a lender? Anyone with the same/similar circumstances been through the same thing? Thanks!
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Comments
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It really depends.
If you are looking at the Accord/YBS product with 1% deposit, probably.
If you are have a 10% deposit, probably not.
I am a Mortgage AdviserYou 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.1
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