in simple terms for the uninitiated. stuff about house buying mortgages and whaever goes with it - and also credit rating.

[Tortington]

the likleyhood of many responses is slim considering the time.

okay - just this week i was spouting about chai round neck stuff to a mumsnetter whilst my secret shame is

i want to have my own home. join the capitalist pigs. and weave baskets or whatever you do

so paid for my credit rating from equifax online this evening. and well was quite surprised actually.

however i dont think its good enough for a lender. i was "fair" in the traffic light system had some red stuff from 2000 - but they only keep it for 6 years.

with that in mind why could i see back to 1999 on the report?

the northern rock do a loan to cover the %5 deposit you need ( basically shafting you by paying the 5.67 interest twice) but whatever has to be done has to be done.

so do you have to be whiter than white on your credit report

i have no court things - just one account with erratic payments and another with a default in the oct and a setttlement in the nov!

see i think this is fine. but apparently its a red bit and red isnt good.

are there lenders who lend to a person such as misel'?

or should i go back to being one of the masses and count my blessings i am not working for the 'man' but rather working for ther erm.... pub!

good luck custardo - and I am sure you will get a mortgage. Our credit rating isn't squeekly clean (worse than yours I think) and we have always managed to get reasonable mortgages via mortgage brokers.

Do make sure your mortgage advisor/broker is and independent one - some are tied to different companies, especially ones recommended via estate agents,and may not get you the best deals or offer unbiased advice. There is a special logo and more importantly a code of conduct for independent financial advisors - ask to see it.

If you look in your local Yellow Pages, you should see lots of independent financial advisors listed ( and see that logo too). What you can do - this is what I do anyway - is get on the phone to a few of them, explain your situation, see what each of them have to say about mortgages - no obligation. You will not be running a proper credit check on you either as you won't have given them full details, so nothing to show on your credit history. They will be pleased to give you some free advice there and then as they will want your business. Then sit down, look at the answers, most importantly judge the general consensus of opinion, before your decide on what broker to go with.

AFAIK, you can have up to 6 applications for credit per year before it adversly affects your credit rating. That's been deemed as the 'average' amount of checks a person will have.

Also, as you may know, your credit rating is also affected by your work and house moving history - how long you have been where you are and also, how much credit you have had in the past and regularly repaid. This is where dh and I fall flat as we have never had credit cards and dh has never had a personal loan in his name - the last time he tried to get a proper bank account with cheque book and overdraft, he was turned down by First Direct, despite having no personal debts and having been in regular full time employment for 2 years. However, he did not try any other banks.

thanks tigermoth.

i've just made appt at mortgage advisors for thurs.

feel very nervous.

Don't be nervous custy you are giving them business not the other way round.I hope things go well and I'll keep my eyes open for you

is uckfield a well to do area?

Uckfield is nice dp used to work there Is quite well to do How far would you move from where you are now?I will get my map out and look for you

how did it go cat64? any tips?

noddy wanted on south coast stretch wanted west of brighton as far as bognor ideally. so anything along the train track really!

with that very descriptive desciption you can tell i have lived here for 4 y ears.

although in saying that i saw some affordable 3 bedders in newhaven although everyone thinks its a shithole as a town. its not to far to work in Hove

no flats. i dont want to live in a flat can you help me?

Are you looking forward to tomorrow, custardface? I would be shitting myself too! It'll be fine though. You don't need any tips. Hope they come up with a good deal for you. I'm v excited at you moving into the world of mortgages etc. Hoping it will inspire me to stop dithering and follow in your footsteps soon.

Another thing to remember is not to get fleeced for life insurance! It will help, or be necessary for a mortgage application. I'm paying £5 a month which is much much less than some of the quotes I've had, but hopefully your advisor will sort out a good deal for you.

yes yes yes misscocker - and anyone else - i bought whatmortgage today and they said that although interest rates are being slashed because the market is competitive that the lenders are making it up on hidden costs.

so yes - please can you all give me tips on these hidden costs
how much does one pay for life insurance on average?

what other insurances do i have to take?

what is with the surveys? how much are they

you see the problem is we have fucka ll savings

so £300 here and there for a survey or insurance on sommat - might just put the scuppers on it

ta much please help

please

{link\www.whatprice.co.uk/financial/housing-market/house-buying-costs.html\any use?}

bugger, baby kicked the keyboard. here

You should be able to work it so that all the costs come out of or are added to the mortgage funds, FWIW I'm paying £5 a month for life cover, DP has life cover with work, but is paying £7 per month income protection. We didn't need to have these to apply for a mortgage, but it certainly helped us get a better deal.

Good luck for tomorrow, If you've been paying rent regularly, you'll be fine.

Some lenders are willing to let you add the sols fees and outlays to your mortgage if you cannot afford them in one lump, also many solicitors' offices now take credit cards which would allow you to spread the cost a little.

All the best!

just wanted to throw these into the mix:
shared ownership in Brighton 90k

and
house in Littlehampton
Hope it goes well tomorrow

thanks all willl let you know how we go on.
thanks fopr tht link tinker - extra 3-4k - wow. will bare in mind

thanks hovely. thats really useful. still hope then - love the house in littlehampton. have registered with it. well, it went ok, filled in some forms was straight up about creit rating - gave out equifax forms over hes off tomoz and monday will give us a ring tuesday. he didn't seem slimey and i have a slime detector. dh getting cold feet already - pessimistic regarding the outcome - saying we wont be able to afford to go out, i can only go up to visit relatives in oldham 2 times a year. that we may only be able to afford a flat afterall with higher interest payments becuase of credit history and that we will have to get rid of the dog. so i said we will have to be doomed to councilesq living forever then cos i love the dog. - think he won- i shudda said - ok wheres the gun. balls - we'll see. will report back when we hear - will need all your financial astuteness to wade through it. thnks

thanks cat will keep that in mind thank you

Buying a house always means you're skint for a few years for nearly everyone. Would need to be very rich not to be. But at least you're not starting from scratch - you have furniture, fridge, freezer etc.

ah HA! knew it. my dh has had a meltdown. and declared - "do it yourself" after picking stupid arguments with me all evening.

one being " i am sick of shouldering allt he responsability with regards to the finances"

we then discussed very loudly and at length what the fuck he was on about - and he ended up saying "you dont even know you annual salary"

i know it ish. i was 1.5 k out . so he started using that as a wet kipper to slap me bout with until i screamed "alright i'm as thick as shit."

then he said he wasn't doing the mortgage. 10 mis later he starts to talk to me like normal and when i look at him like hes from mars he says " what? are we not speaking now?"
i told him he would have to gie me more than 10 mins to get over never being able to own my own house.

he started to talk to me saying he didnt mean it - turned it into a row and declared again AGAIN NO MORTGAGE.

well he's not using it as a lever to play with. I'm out. I'm not playing.

he can sort anything that needs sorting if he changes his mind come tuesday.

thought this would be exciting time. hes a fucker.

He's scared. Get someone to do the sums at how much you waste on rent compared to how much you gain by buying. (Obviously, only show them to him if they benefit your argument ) How frustrating.

htanks tink and batters.

batters i wouldnt know what to ask for - but thanks for the offer xx