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  • FIRST POST
    • wayne617
    • By wayne617 15th Apr 19, 7:49 PM
    • 10Posts
    • 1Thanks
    wayne617
    What do mortgage lenders look for?
    • #1
    • 15th Apr 19, 7:49 PM
    What do mortgage lenders look for? 15th Apr 19 at 7:49 PM
    Hi,
    Iím due to give up my rented flat to use the money to clear my £5000 debts over the next 12 months.
    Different friends have been good enough to put me up for a year while this happens.
    In 18 months Iíll be debt free/credit file restored and will have saved the deposit for a house with my girlfriend.

    Question is, although Iíll be debt free, will a mortgage company be ok with my 18 month spell not paying rent somewhere? How do they view peoples history?

    Cheers
Page 1
    • Thrugelmir
    • By Thrugelmir 15th Apr 19, 8:18 PM
    • 62,877 Posts
    • 55,846 Thanks
    Thrugelmir
    • #2
    • 15th Apr 19, 8:18 PM
    • #2
    • 15th Apr 19, 8:18 PM
    Electoral role registration should be maintained if possible. Where is all your post going to be sent?
    "The most dangerous thing is to buy something at the peak of its popularity. At that point, all favourable facts and opinions are already factored into its price and no new buyers are left to emerge.Ē" - Howard Marks
    • wayne617
    • By wayne617 15th Apr 19, 8:26 PM
    • 10 Posts
    • 1 Thanks
    wayne617
    • #3
    • 15th Apr 19, 8:26 PM
    • #3
    • 15th Apr 19, 8:26 PM
    Yes Iíll maintain my electrol role status, Iíll register at my friends house where Iíll be staying.
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