Some CRA's have a different scorecrd to others. Some may mark out of 1000, some 600, some 100. 540 on a 600 card is very good, but a super high score of 99 on a 100 scorecared is going to be poorer than poor on a 1000 score card.

Don't worry about it as it is your past and current credit history and not what your CRA report says that the lender will mark you on.

Thanks for the reply.

The 5k loan is still currently in place but will be paid off prior to mortgage application to reduce the monthly payments when we have a mortgage going out. However, reading some posts suggests this will negatively affect my credit score.

Im puzzled as it is with my credit score, even before my missed payment I only hit 540 but this still falls in the excellent category of Equifax. A lot of places are suggesting 540 is not a good score.

They may potentially raise an eyebrow at the mised payment but if it shows a good clean record going back and then one blip they will likely put it down to outside factors such as a bereavement or temporary blip. I doubt it will affect you although they may ask about it. This will be helped by the fact that you are putting down a 15% deposit (potentially 10%). Affordability is good and probably would still have been good even with the £5K loan in place.

Potentially if your partner has not held any credit in the last few years then this may cause a problem if they do not have a high enough score to pass the lenders minimum but you possibly won't know this till you apply.

Assuming your partner has held credit of some kind, is on the electoral roll, has held a bank account in the same bank for more than 2 years and all the other little factors that build a score then I cannot see any immediate problem with you getting an accept for what you are looking for.

Be ready to product a form of identity (passport, drivers license) a form of residence (bank statements, utility bill (dated in last 3 months)) and proofs of youer income including payslips for 3 months, P60 for last years (or this years if you have it yet) or SA302's for last 2/3 years if self emploted and 3 months bank statements.

As long as you can verifiy all your info then you should be fine.

Good Luck

Good morning

Shortly myself and the other half are looking for a joint FTB mortgage. We are only looking at propertys around 100k which is a 2 bedroom house where we're looking at.

We have 15% deposit and more incase we find somewhere for 110k for example. We both earn £41k between us so we're really only asking for double our salary.

We have no loans/credit card debt outstanding as I recently paid off £5k loan. On my credit file I have one late payment from October 2011 due to a family bereavement and I just totally forgot to pay the card.

Can you see any issues at the minute of us applying?

Thanks