Q: Hi, im new, can anyone me some advice. Through my debt problems im workin on my rating is done, this will stop me from buying a house? I currently rent and have never missed a rent payments.Help anyone? Glass Slipper Girl

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A:I was speaking to a mortgage broker friend of mine the other day about the "sub-prime" market and he said that he's been using this mob lately:

http://www.quick-loan-quotes.co.uk/gmac.php?kw=gmac&ad=apr45&gclid=CL-JpaXjro0CFR6ZEAodzRlhug

Basically, if you can prove you've got a pulse and just one head, the money is yours.

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A:is it easier to get a mortgage if youyr partner with a clean credit ratings income is the amount for the mortage as I do not currently work, and if my name is added to the mortgage and i actually bank well with the same compny would this be easier than first time on my own? Plus I used to have a mortage and had no problems with that!

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A:Don't forget there are things you can do to improve your credit rating. I won't go into them here because they've been discussed to death on other boards here, but the more you can do – and the more you are seen to do – the better and easier things will be for you.

Good luck!

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A:It all depends on whats on your credit record and whether or not it has been satisfied, the amount ect.

It dosn't mean that you definitely will not get a mortgage but it leaves you shopping around in the sub prime market where your going to pay an increased interest rate. It really depends on how bad your credit score is. Thing like having a large deposit can help though, but its no certainty.

Get a copy of your credit record and then make sure you get a "whole of the market" broker who can look for you, make sure they leave only soft footprints on your credit record as too many recorded searches can make your credit score worse.

If it gives you some encouragement me and my mrs got a joint prime mortgage of 105% LTV with me having a 3 year old ￡2000 unsatisfied default on my record (I'm currently beating the debt collection agency over the head with a very big legal stick as it isn't my debt.)

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A:Hi guy,Thanks for your reply. I thought so some how. Will just have to take it as it comes i guess. Thanks again

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A:GSG,

Sorry, but a poor credit rating will seriously affect your ability to get a mortgage. Furthermore, even if you are able to get a mortgage, it will be at a much higher interest rate than "normal" mortgages.

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