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TOPIC: First time buyer
#479
Elle (Visitor)

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First time buyer 10 Months ago  
Hi,

I am currently looking into mortgages with my partner. I have some outstanding debt, which I know has to be paid off before I can be considered for a mortgage. But once this has been paid off how easy will it be to get a mortgage? As my credit isnt the best but my partners credit is really good.

Advice anyone??

Thanks
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#488
Comparethemortgagemarket (User)
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Re:First time buyer 9 Months, 2 Weeks ago Karma: 0  
The outstanding debt does not always have to be paid off. the lenders _base_ it more on affordability so if their income calculators allow you to keep the debt then it may mean you have more towards your deposit.

As far as the adverse credit that all depends on how severe it is. Are we talking ccj's defaults etc or just some missed payments on your existing commitments?

Check out my site for more information

Anthony
Comare the mortgage market
Http://www.comparethemortgagemarket.com
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Last Edit: 2011/08/04 08:45 By Comparethemortgagemarket. Reason: Added contact
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