Hi, hoping someone can help me!
My husband and I are due to apply for our first mortgage for a new build next month. His credit history is squeaky clean, however I've had a few missed late payments on a credit and a store card, and I am starting to worry we might not be able to get a mortgage. My last late payment was on the store card in June 2009, whilst during 2007 I had a number of missed payments on a credit card, some a few months in a row.
Obviously since 2009 my credit has been good, and I've not missed any payments. My question is will we be turned down, or at least will we be accepted but not receive a competitive rate?
Thanks
Sadie
(I am a police officer and my partner is a gas engineer, we have a 15% deposit for a 150k house, plus additonal money for fees, decorating, furniture etc. The only main debt we have is a car loan)
My husband and I are due to apply for our first mortgage for a new build next month. His credit history is squeaky clean, however I've had a few missed late payments on a credit and a store card, and I am starting to worry we might not be able to get a mortgage. My last late payment was on the store card in June 2009, whilst during 2007 I had a number of missed payments on a credit card, some a few months in a row.
Obviously since 2009 my credit has been good, and I've not missed any payments. My question is will we be turned down, or at least will we be accepted but not receive a competitive rate?
Thanks
Sadie
(I am a police officer and my partner is a gas engineer, we have a 15% deposit for a 150k house, plus additonal money for fees, decorating, furniture etc. The only main debt we have is a car loan)