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| *Loan,banking and credit>>>bad credit mortgage |
Can you get a decent joint mortgage if one has a good credit rating and the other bad? |
My girlfriend and I have a joint income of aroung 拢55k but whilst I have a very good credit rating, hers is bad with a number of defaults. She is with a debt management company and will clear her debt in the next two years. Do we have any chance of getting a decent joint mortgage in the next year that doesn't charge high interest rates or ask for a very large deposit? Her credit unfortunately does effect you just as much I'm afraid. If you have a joint mortgage then you are effectively joined in so far as your credit ratings go. Speak to an advisor. The bad credit rating may effect which companies will give you a mortgage but rest assured, you can easily get one with your income. My mortgage was sorted for me by Mortgages & More. 020 424 8742 Unfortunately her bad credit rating will be taken into account & bring your reputation down. I think your only options are either to get a mortgage with a mortgage broker who specialises in bad credit (who either want a huge deposit or have very high interest rate) or wait til she's debt free & maybe rent in the meantime. Personally Id go for the temporary rental, then you'll both have less commitments & will be able to get a decent mortgage without having to pay a huge deposit or a stupidly high interest rate. Personal Experience Why? |
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