I have a poor credit rating so am unable to get a btl mortgage. If I went into investment with someone with a good credit rating would we be considered?

My credit rating is not great as I have had problems in the past with mortgage arrears and other debts following a car accident and was unable to work for six months. That was three years ago and now I have cleared all my debts and I have saved some money too. I believe you need a 25 per cent deposit for a buy-to-let mortgage, which I could get if I went into the investment with my sister. She has a good credit rating but I was wondering if my past money problem will prevent me from being considered for a buy-to-let mortgage?

Sorry to hear about your accident and the difficulties you faced after.

When a lender is approached by two applicants, they will take both credit profiles into account.

As your problems were some time ago, I doubt it would stop you from being able to obtain a mortgage, but it will probably limit who would lend to you.

The best advice I have for you is to get a copy of your credit file and speak to a broker about this, as they will be able to understand the file and know which lenders are most likely to take a sympathetic approach.

You can send us an email, or call us on 0845 345 6788 to find out what options are available to you.

1st January 0001