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!

Awww, babe. Sorry you're facing argumentative highjinks from Mr custardo. Tinks and batters are so right though, I think. Your man is cakking it, isn't he? I think I might be in a similar position with my partner soon. We are planning to start looking seriously at moving in a few months time- we've been dithering for ages- and it is going to be a big thing for all of us but absolutely massive for my partner. I am expecting grumpiness and argumentativeness from him, frankly. And understandably, if fucking annoyingly, so too. Big change, stress, grown up financial thinking when preference is to forget about money, organisation and sensibleness when chaos is more fun, adjusting to new area etc- will all contribute to both of us feeling on edge.

But I think my partner will be extra specially affected in a different way. He has lived in and rented council/housing association property all his life and so did his parents and grandparents as far back as subsidised housing goes, more or less. He is from a culture/class which until very recently expected the council to provide quality, affordable housing, according to need, as of right. His mum turned down 3 3-bed council houses in gorgeous areas of central London in the late 70s because they weren't quite to her taste, ffs! And that was brilliant. But it's made it SO hard for him to accept that things are a bit different post right-to-buy and the decimation of the social housing stock. When we were living in a small 1 bed flat with the twins as toddlers we rowed constantly because I desperately wanted to end our wait for a bigger place by buying on a shared ownership scheme but he just wouldn't do it- he felt that it would be letting the HA piss on us because it was our right to have a 2 bed provided simply because we needed one. He thought I was utterly bonkers and maybe even a bit of a middle class fool to suggest doing anything proactive in looking for somewhere else to live- in his world housing came to him when he let the council know he needed it. And to be fair to him, things did come right and the HA did find us a two bedder in the end and it's been a very good flat for us. But moving into being a home-owner is going to be a huge culture shock for him- he is v intelligent and skilled in the head (always) and in the emotions (mostly, as much as a man can be anyway) but he will be facing a totally new situation and I bet that a part of him will feel hugely scared. It's all about class war after all- I think maybe you guys are, like him, having trouble about the concept of joining the bourgeoisie as well as facing all the usual stress of planning a possible move!

Hang in there, though. Gentrification is a process and it will creep up on you both inch by inch as he realises how important this move is to you and how great it can and will be for the whole family. You will get there custy, I'm sure, and I think there will be some rows on the way probably because this is BIG and he will need his hand held sometimes. So will you.

Glad the mortgage broking advice went well.

ta scumster. sounds very familier.

info for you though incase you didn't know - you will be key worker and there is a scheme where you can get money to buy whatever houseis on the market
homebuy

incidentally worthing ans southwark are both part of a pilot scheme called " social homebuy" which launched on 1st april this year. where assured tenants can buy their homes - or part buy. if thats any use - when considering move - you could consider exchange to worthing or southwark then buy?!
dont know if its any more helpful than other key worker things - but worth looking at

mr custardo tried a reasonable conversation with me this morning before i had even finished my st cup of coffee - and this man knows me better than anyone - you dont even speak to me afore mi first cup o coffee!

needless to say i eventually left for work at 9.30 after very unreasonable verbal tirade from me.

mr custardo has day off and spent day working stuff out. interest rates, properties availale etc.

he took me out to coffee shop at end of street leaving kids to peel potatos for tea and he thinks we shoudl go for a flat and spend less money in case of interest rate hikes. we are both scared that we would get out home reposessed again - it happened to us in the early 90's interest madness and it would dessimate us if we had to go through anything like that again.

so he has got to a happy place with it - and thats all good. i comprimise for 2 bed flat. with intentions of kicking kids out asap.

thanks all will update on tuesday when all of this may be academic.

Woohoo! Good on him.

Didn't know that you'd been through repossession that must have been terrible.

pmsl @ "with intentions of kicking kids out asap."

and you must have been knacked at 9.30am - you were posting on here at 4.30am!

And thanks for the keyworker advice. I'll look into it when I'm officially qualified- better get off here and get doing some work to achieve that in a min or i will have to wait another bloody year to be classed as a keyworker... I think we'll be able to get something on the open market once I'm working again anyway but I'm by no means sure, esp as my credit rating is dreadful thanks to a CCJ for forgetting to tell student loans that I moved flats. (I rang to let them know too late and they said "Oh it's you- we've just taken you to court!" sob.)

Do you not qualify as a keyworker, btw?

Another thought- if rates are ok now could you get a bigger place and then if they do go up you could rent out the kids' rooms if you need to (once they've fallen in with your plan to have them sod off and do their own thing}?

Have been very bad today, batters. I'm preparing to make up for it with an evening of assiduous toil...

I know. But I am not worthy and need to get at least 8000 more words written by Monday when the boys and B return from sunny Scotland...

yes cat very true.

no i am not a keyworker. i did ask some twat who nearly laughed! " your a...what?!"

seen a sea view flat fro 102k bit of shithole - nowt some paint couldnt fix.

dh keep telling me to packet in. i can't

small point to add about buying a flat:
If you buy a flat that doesn't have a share in the freehold of the building, that can mean a landlord or a managing agent who carries out expensive repairs and expects you to pay up for them. Or who decides to do expensive improvements at your expense. If the Lease says you have to pay your share, you have to pay (unless you want to take them to a tribunal about it).
I personally would not buy a flat without a share in the freehold of the building, ie a right to have a say about what work should be done each year and how much money should be put aside for it.
This can also apply to right-to-buy or ex-public sector flats, there are plenty of people who exercised their right to buy and are now in despair after being asked to contribute a proportion of enormous bills for replacing all the windows in the block (or whatever).
it is really important to ask about the service charges and what work is planned for the building that the flat is in.
good luck!

we got a mortgage offer at 6.25

mortgae advisor said to ring tomorrow - thinks he can do better.

fkin hope so or else wont be able to afford a beach hut

just thought i would update you.

thanks hovely for that info - it really made me stop and thing about stuff.