I think I've got the usual FTB worries and concerns about post university credit rating carnage!
I spoke to Halifax (I bank with them) about the possibility of taking out a mortgage. I've always been really concerned as in the past my credit rating has been less than glowing. However, I've been working hard at it, previous defaults have been paid and dropped off and the scores are slowly but surely creeping up again.
On top of a recent healthy promotion at work and a deposit from a family member ready and waiting I thought I'd finally get on and do some real investigating.
Halifax were able to offer me a decision in principle on the phone (was on the phone for about an hour or so) and sent all the paperwork through. Initially I was just stunned at being accepted (in principle) for anything.
I was in the process of renting a new flat at the time so the mortgage was to go on the back burner for a year or so, I was happy to use the time to build up my rating some more, however, the rental has fallen through!
So, what to do? There are a few properties I'd love to view but don't want to get my hopes up, or waste anyone's time, putting offers in, only to fall at the full application stage.
To break it down...
Current income 34k
Deposit 25k
Looking at buying in the 165k range
1 default from 2009 still on my file - defaulted and settled on the same day due to being made redundant - £72
Small authorised overdraft, rarely used
1x credit card, paid in full
Sorry for waffling! :)
I spoke to Halifax (I bank with them) about the possibility of taking out a mortgage. I've always been really concerned as in the past my credit rating has been less than glowing. However, I've been working hard at it, previous defaults have been paid and dropped off and the scores are slowly but surely creeping up again.
On top of a recent healthy promotion at work and a deposit from a family member ready and waiting I thought I'd finally get on and do some real investigating.
Halifax were able to offer me a decision in principle on the phone (was on the phone for about an hour or so) and sent all the paperwork through. Initially I was just stunned at being accepted (in principle) for anything.
I was in the process of renting a new flat at the time so the mortgage was to go on the back burner for a year or so, I was happy to use the time to build up my rating some more, however, the rental has fallen through!
So, what to do? There are a few properties I'd love to view but don't want to get my hopes up, or waste anyone's time, putting offers in, only to fall at the full application stage.
To break it down...
Current income 34k
Deposit 25k
Looking at buying in the 165k range
1 default from 2009 still on my file - defaulted and settled on the same day due to being made redundant - £72
Small authorised overdraft, rarely used
1x credit card, paid in full
Sorry for waffling! :)