Mortgage help

[BumbleNova]

Hi All

I wondered if someone would be able to help. I am hoping to apply for a mortgage at some point next year, but I have a couple of defaults that will be 5 years old at that point.

the defaults are from when I was a student and completely flat broke and also from just being totally unaware of my "credit rating" and how it could impact me later. in hindsight, i would have done things differently.

anyway, 5 years on, I have a very good professional job (lawyer) and will be earning over £100,000. I hope to have at least a 10% deposit and we are only looking to spend £350k max.

will the defaults be fatal to any application? or will the positives be enough to carry me through?

We could also potentially add my partner to the application - he is self employed and is building up his credit history but it is quite limited as he lived in germany for 5 years.

Does anyone know if a joint application would be stronger or weaker?

I have no idea where to start...

If the defaults are satisfied and 5 years old then I should think you will be able to get a mortgage but you would probably be best speaking to a Mortgage Broker rather than applying direct to lenders yourself. A broker will know which lenders are most likely to lend with the circumstances that you describe.

Why don't you apply for an Experien credit check?

I have got my experian credit check and bizarrely, the defaults are mentioned? I have just signed up though and it doesnt have all my previous addresses. Noddle has them listed, I'm checking equifax.

*sorry are not mentioned