Hi All,
Myself and husband would like to buy our first house together shortly, but we have just found out that on my OH experian credit report he has 8 missed payments from a debt in 2007, which was in dispute and only settled in Novemeber 2011. Other than that particular one our credit reports are good, we have not had a lot of credit but what we have had has been paid on time.
I am now thinking our only option is for me to get a mortgage on my own.
My salary is £25k pa
OH salary is £21k pa
Original house budget: £95-100K
Budget if I have to get a mortgage on my own: £85k
Deposit: £10k
Would we be better off applying jointly for mortgage who accepts bad credit with a high interest rate or do I have a better chance of getting accepted on mt own?
Or should I just give up the hope of buyng anytime soon?
Myself and husband would like to buy our first house together shortly, but we have just found out that on my OH experian credit report he has 8 missed payments from a debt in 2007, which was in dispute and only settled in Novemeber 2011. Other than that particular one our credit reports are good, we have not had a lot of credit but what we have had has been paid on time.
I am now thinking our only option is for me to get a mortgage on my own.
My salary is £25k pa
OH salary is £21k pa
Original house budget: £95-100K
Budget if I have to get a mortgage on my own: £85k
Deposit: £10k
Would we be better off applying jointly for mortgage who accepts bad credit with a high interest rate or do I have a better chance of getting accepted on mt own?
Or should I just give up the hope of buyng anytime soon?