Hi All,
About 4 years ago , i fell into a fair amount of debt.
I have seen my ICB report, it seems to have one black mark - which relates to a revoked credit card.
I have since paid off everything - was lucky enough to be able to take out a credit union loan of 30k and have been repaying this for 5 solid years - 600per month. This will be cleared shortly.
I think i already know this, but would this black mark automatically exclude me from a mortgage, especially now ?
We have a large deposit for a house, plus my partner has just been made permanent in the public sector..
Our rent would currently be more then the mortgage we are seeking. Plus once credit union are paid, i will have an extra 600 per month added to my wages. Would this be looked at kindly, or would the black mark super-seed everything else..
We have spotted a very affordable home and im worried as hell that my credit report will stop us from buying.. rightly so, i should think..
Any thoughts ? should i bother applying at all and save myself the heart ache. Feel now like im holding my partner back...
About 4 years ago , i fell into a fair amount of debt.
I have seen my ICB report, it seems to have one black mark - which relates to a revoked credit card.
I have since paid off everything - was lucky enough to be able to take out a credit union loan of 30k and have been repaying this for 5 solid years - 600per month. This will be cleared shortly.
I think i already know this, but would this black mark automatically exclude me from a mortgage, especially now ?
We have a large deposit for a house, plus my partner has just been made permanent in the public sector..
Our rent would currently be more then the mortgage we are seeking. Plus once credit union are paid, i will have an extra 600 per month added to my wages. Would this be looked at kindly, or would the black mark super-seed everything else..
We have spotted a very affordable home and im worried as hell that my credit report will stop us from buying.. rightly so, i should think..
Any thoughts ? should i bother applying at all and save myself the heart ache. Feel now like im holding my partner back...