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Mortgage Approval with Credit Issues

  • 13-11-2024 11:37AM
    #1
    Anne10293
    Registered Users, Registered Users 2 Posts: 3 ✭


    Hi All,


    I am just looking for previous experiences and advice here.

    I am 30 years old and planning with my partner to purchase a house.

    Due to personal issues from my past. I have the following credit score issued:

    -BOI credit card 500.00 euro debt ( card defaulted) - which I fully payed on this year, July

    • Avant Money credit card 1700.00 euro debt (card defaulted) - which I fully payed off last year in October.

    Also, my partners has no credit issues. We have evidence of renting for the last two years and savings of over 2500 euro monthly.

    From you experiences, what are the chances of obtaining a mortgage, and which banks are the best to approach in this kind of situation.

    Thanks!

    Tagged:


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,262 ✭✭✭✭Geuze


    Given your history of not repaying your debts on time, I suggest you try a mortgage broker with experience of dealing with these sort of cases.



  • #3
    ELM327
    Registered Users, Registered Users 2 Posts: 23,001 ✭✭✭✭ELM327


    For most banks you will need to wait 5 years from the date of repayment. You'll need to find a specialized broker.



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