Hi There
I have a 'not-great' credit rating, Its currently only 'Fair - 833' on Experian with 1 late payment on a credit card of only a few days (so under 30 days).
Our mortgage is only in my wife's name (who's credit rating is good) and the mortgage is pretty small £15k on a £170k house.
We're now thinking of moving to another house that costs slightly more and we'll wish to borrow slightly more as well - £30k on a £185k house.
So my questions are…
1- If my wife stays with her current mortgage lender will they do a credit check?
2- Will my 'Fair' credit rating effect the offer if the mortgage is to remain solely in my wife's name?
3- We also have one joint savings account - so will that tie us both together even if the mortgage is only in my wifes name.
4- Will they even be interested in me at all?
Many thanks in advance for your help!
I have a 'not-great' credit rating, Its currently only 'Fair - 833' on Experian with 1 late payment on a credit card of only a few days (so under 30 days).
Our mortgage is only in my wife's name (who's credit rating is good) and the mortgage is pretty small £15k on a £170k house.
We're now thinking of moving to another house that costs slightly more and we'll wish to borrow slightly more as well - £30k on a £185k house.
So my questions are…
1- If my wife stays with her current mortgage lender will they do a credit check?
2- Will my 'Fair' credit rating effect the offer if the mortgage is to remain solely in my wife's name?
3- We also have one joint savings account - so will that tie us both together even if the mortgage is only in my wifes name.
4- Will they even be interested in me at all?
Many thanks in advance for your help!