My partner and I are desperate to buy. He is 32 and had perfect credit until one late payment a few months ago.
I'm 31 and have a history of unpaid credit card bills and loan payments from my very stupid younger days. The two most recent defaults I had were both August 2008 (4.5 years ago), although I have had two late payments in the last year due simply to bad organisation.
I have paid off all accounts that I had defaults on. The last one was paid off in October 08. My debts were when I was earning £13k a year, I am now on £28.5k and my partner is on £23k.
I have recently got a Capital One card to try and rebuild my credit rating.
We will have a deposit of £18-20k which would be about 20%.
I am scared to apply for a mortgage and have his good credit ruined by my sordid past. Is the situation as grim as I suspect or will out deposit help sweeten the pill?
I'm 31 and have a history of unpaid credit card bills and loan payments from my very stupid younger days. The two most recent defaults I had were both August 2008 (4.5 years ago), although I have had two late payments in the last year due simply to bad organisation.
I have paid off all accounts that I had defaults on. The last one was paid off in October 08. My debts were when I was earning £13k a year, I am now on £28.5k and my partner is on £23k.
I have recently got a Capital One card to try and rebuild my credit rating.
We will have a deposit of £18-20k which would be about 20%.
I am scared to apply for a mortgage and have his good credit ruined by my sordid past. Is the situation as grim as I suspect or will out deposit help sweeten the pill?