Hi
I wanted to know if anyone has any experience in this area.
I have a good credit score and always have. I recently sold my property and we are looking to buy a new one for 200,000 with 100,000 deposit.
My husband's credit score is poor - he was previously self employed in the catering industry and had just opened a restaurant a month before lockdown hit. He took out a personal loan to start up this restaurant and this has resulted in a number of missed payments for some months, and overpayment on others. Due to his poor wages he was also frequently into his overdraft
This debt has now been cleared only as recently as the last month and he's been employed by someone following a career change since September last year. He is almost out of his overdraft (will be by next payday which is next week for him)
I am wondering how much this will impact our ability to secure a mortgage? Unfortunately although he has paid towards my previous mortgage for 6 years every month I never got him put onto the mortgage which probably could have helped