Unusual mortgage situation, please help!

Cheryl2022 · 30 August at 9:10PM

Hi, just wondered if anyone can help or advise.

Me and my OH are wanting to buy a house together and have 81k in joint income, my OH has a shared ownership property that he's selling and we will pay any remaining debts off with the equity, might have 1k in credit card and then a 5% deposit for a new home.

Our credit ratings are okay but not brilliant I have a few old satisfied defaults from about 4 years ago when I had to leave work to become a carer for my gran but since then I've worked really hard to build my credit score back up.

This is the issue that is causing me so much anxiety, so here goes.... I stupidly agreed to go on my parents mortgage in name only with my dad as my mum didn't have enough income when I was 18 and I didn't realise how much this would affect the rest of my life as they have now paid the mortgage off but took out an unsecured loan years ago from the mortgage company and then defaulted on it. This was for £16k and was registered in 2022. It only shows up on a transunion credit report and so it took me years to see it as I have been using Experian to build my credit score! I know most companies use Experian and equifax so wondered what any chances of getting a mortgage and finally owning my own home 🏠

Please help! Thank you so much for reading ❤️