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    Which do you think is more important for a mortgage?

    I say credit history
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    (Original post by niteninja1)
    Which do you think is more important for a mortgage?

    I say credit history
    Well i am going to test this question and find out soon enough (when my wife comes back)!
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    Salary affects how much they will lend to you. Credit history will affect whether they will lend to you at all.

    And mortgage lenders are incredibly cautious these days, I've had a big faff trying to get an agreement recently despite good credit history, good salaries and a sensible LTV percentage, all because I'm technically on a fixed-term contract - I'm a doctor on a training contract with three years till completion, and I'm not likely to be unemployed afterwards!

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    (Original post by niteninja1)
    I say credit history
    I say, it is up to the mortgage lender. Most require good credit score and at least three months of bank statements. So basically, both. Improve your credit score advice is here:

    http://www.moneysavingexpert.com/loa...g-credit-score

    Good luck!
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    It is a combination, obviously if you have a terrible credit history you will have issues, but likewise if you have poor or inconsistent earnings (or can't guarantee future earnings) this will also impact their decision.

    Mortgage lenders are more cautious than they used to be but still not awful. They will go over at least 3 months of bank statements though so keep them clean i.e. no gambling companies, ensure your salary is clearly coming in to the account etc.
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    You can have the world's best credit history, but if your salary is only £20,000 you're never going to be offered a £100,000 mortgage.
 
 
 
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