Advice about a mortgage

sallyally

Hi

Just want some advice really. Want to get out of rented. Been in the same flat for just over 3 yrs. Never missed a payment. Have recently gone self-employed. Have invoices so can prove my income. I am still financially attached to my ex-husband who has done an IV. I don't have a very good credit rating due to this. Is there any point in me trying to apply. I don't have much in the way of a deposit. Any advice?

MortgageMamma

you need a 15% deposit to be able to buy as self employed with no accounts. its known as a self certification mortgage and they are a bit more difficult to get these days than they used to be.

You can financially disassociate yourself from ex hubby, go to - phone experian and equifax credit reference agencies and they will tell you where to get the forms

sallyally

Thanks for the advice. We still have a loan together. It was a secured loan on the house we had but had to sell due to the fact we were divorcing. There was not enough equity in the house to clear the debt. I know pay them £50 per mth to keep them happy. Can I still disassociate myself from him?

MortgageMamma

No not if you have joint finances. Could you not both raise enough on an unsecured basis independently of eachother to each pay 50% of the secured loan off?