The thing is my girlfriend doesnt want to get the loan, unless it will make a difference to their decision, which i agree with, but unless we're unfront with them, we wont know weather it will make a difference??

I think honesty is the best policy on this one. If they have specifically stated that they won't accept people without squeaky-clean credit my guess is that they'll do their homework and find out anyway.

Coming clean may be the best and only solution. It's better to know now that it isn't going to go through than the day before exchange of contracts. You might be able to pursuade them to accept you anyway, talk to them and explain why you got defaults etc and they could be more sympathetic.

If it's a no-go and they didn't explain the "good credit" clause before you put your money down, you should be entitled to your money back.

Good luck.

First forgive me if this is in the wrong section of the forum, to be honest i doubt its the right subject for this place, but the advice i have recieved from here and been excellent, so i thought id pick your brains again!!

Ok, this is the story.

Myself and my girlfriend has been looking into a shared ownership scheme for a few months, we went to look at some flats on tuesday and fell in love with a 1 bedroom appartment. We paid a £250 holding fee and are just waiting for them to get in touch with us to start the application process. This is where the problems lies.

While looking over the company's website the other night i noted that they would not accept anyone with bad credit history, well my history is not great to say the lease, i have 4 defaults on by file totaling nearly £5000, though one is for only £30!! bloodly old phone contract i knew nothing about. But my girlfriends history is excellent!

What we where thinking was for her to apply for a loan to pay off my defaults and her personal loan, therefore meaning we would have only one payment a month, though it would only be in her name.

The thing is we have already been accepted for a mortgage to pay the share of the house we want, and can easily pay the mortgage and rent that they would want, as we currently rent for pretty much the same total now.

But i think we should be up front with the company, email them and tell them the plan to pay of my defaults and hope that they see sense!! My girlfriend thinks we should just go though the process and see what happens?!?!