A truly fucking boring thread about shitting mortgages of all things


#1

Christ, here we fucking go.

Went to an extremely boring London Home Show convention/exhibition thing on Saturday to explore the possibility of Share to Buy.

Seems feasible etc so the next step is sorting out a fucking boring mortgage.

My (very dull) questions are thus:

  • How much will my inevitably dreadful credit score contribute to a joint application when my gf’s finances will be good?
  • How far back and what sort of things affect an application being denied?
  • Why is the adult world so insufferable?

#2

I can’t really be arsed to think about this.


#3

Do you know how bad your credit history is, you can check for free on noddle, reckon unless it is really bad with ccjs and stuff it’s probably fine


#4

Don’t blame you mate


#5

Aye should check really but I don’t think living out of an overdraft is going to reflect particularly well is it?


#6

I will say this though :- It’ll probably be fine.:+1:


#7

Thanks, mate


#8

I’m always in overdraft and have a very high score, I’ve never applied for a mortgage though so don’t know what they are looking for


#9

I can’t really help with much, but the credit score thing is still totally alien to me. I was worried I’d failed the credit check cos the letting agent wasn’t getting back in touch but when I met him he burst out laughing and said do I realise how fucked everyone is, mine was fine?

Said he has to start legal proceedings against about 1 in 10 and the majority get behind on rent. Madness, isn’t it?


#10

can only speak from experience but I have treated -£200 as £0 for the last 5 or so years in both my account and our joint account. And I have had way way way worse overdrafts than that in the past and quite a shady credit card 3 year abscondment. Mortgage advisor didn’t think any of this would be an issue, and still worth having me on the mortgage even though I earnt next to nothing compared to my wife at the time.


#11

What’s behind this apathy?

Do we need to stage an intervention for you?


#12

I’ve never failed one for renting (aside from one when I was contracting rather than full-time) so hopefully that is a good sign. Never missed a rent payment, never missed a phone bill (or at least not for a decade) it’s the overdraft that worries me.


#13

Depends whether you’re within your agreed overdraft limit or not, and if you aren’t, how quickly you’ve resolved it.


#14
  1. Depends how bad it is, use Noodle or Clearscore to get an idea for free.
  2. I think 6 years is the longest bankruptcy or defaults will affect your credit file for (It might be longer for some criminal stuff)
  3. It just is, Ant. It just is.

#15

This is also very reassuring, cheers pal (and again, apologies for calling you a Goodie Two-Shoes Bellend earlier)


#16

don’t be ridiculous you cunt


#17

:thumbsup:

Always within an agreed limit and increasingly rarely at the edge of that limit in fairness


#18

That’ll be fine then.

Your overdraft limit is effectively treated as credit (you might not realise it, but when you agreed to have an overdraft, you will almost certainly have technically signed a credit agreement), and so going into that limit, but not exceeding it, is totally fine.


#19

Like, it might show up as a credit agreement on your credit check, but it won’t count as a negative.


#20

Magic, cheers pal. This is reassuring, perhaps it will be my meagre income that will do us in as opposed to my financial recklessness! :thumbsup: