I am looking to get a joint mortgage with my partner in the next month or so. He currently owns his own property and has an excellent credit rating. Stupidly, I have a record of payday loans (last one September 2019) and I also have missed payments (CC) dated April 2019. I have worked hard to improve my credit rating over the last 12 months and my credit score on Experian is currently showing as 812. We are looking at a property of 450k with a 12-15% deposit to put down. Do you think I will be successful with a high street lender? I am very stressed that my past payday loans will stop us getting a mortgage. We earn 90k collectively and both have secure jobs.
Hi thanks for getting in contact.
15% is likely to be your best case scenario here however subject to the finer details I believe you have a realistic chance of approval.
Thank you! Do you think it would be best for me to get a specialist broker?
I would suggest so as you will only have a select few options available to you.
We would be more than happy to take a look and our office number is 01245 400 356.