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Mortgage Advice Needed!!
tornadobunches
Posts: 31 Forumite
Hello - I am looking into any possible mortgages available given my circumstances below, just don't know who to ask, as it all looks against me as it were:-
- I am on a Debt Management Plan, for past 2 years - always paid. just reduced totals
- Have 4 defaults on loans, cards
- Self Employed - so we need a Self-Cert mortgage (Wife employed)
- First Time Buyer
BUT we do have a non-repayable deposit to put doen of £30,000, that I can only use as a deposit and not to pay off debt.
Does anyone know given the above criteria whether it is remotely possible me being able to get a mortgage? Any advice/help would be much appreciated. Thank you. M
- I am on a Debt Management Plan, for past 2 years - always paid. just reduced totals
- Have 4 defaults on loans, cards
- Self Employed - so we need a Self-Cert mortgage (Wife employed)
- First Time Buyer
BUT we do have a non-repayable deposit to put doen of £30,000, that I can only use as a deposit and not to pay off debt.
Does anyone know given the above criteria whether it is remotely possible me being able to get a mortgage? Any advice/help would be much appreciated. Thank you. M
0
Comments
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Have you heard of the credit crunch?
How come you have £30k available on deposit, yet you have 4 defaults (still unsatisfied?) and are on a DMP?
"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
My dad died...thanks for being so unjudgemental0
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theres a special mortgage board, i just posted on there, you'll get better answers0
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tornadobunches wrote: »My dad died...thanks for being so unjudgemental
So did mine
I'm not quite sure what that has to do with the price of fish though?
Do you need comfort and support?
If so, try the samaritans
http://www.samaritans.org/Samaritans provides confidential non-judgemental emotional support, 24 hours a day for people who are experiencing feelings of distress or despair, including those which could lead to suicide.
Whatever you're going through, whether it's big or small, don't bottle it up. We are here for you if you're worried about something, feel upset or confused, or just want to talk to someone....
"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
I'm not quite sure what that has to do with the price of fish though?
The 30k will be the inhertance, which his dad made a condition that it is used to buy a house.
I would use it on the debt anyway, its getting you closer to buying ahouse and its not like he will know what you are doing with the money!0 -
Clear debt. save up, work hard, have 3 years of accounts and no further credit issues and you can get a mortgage together.0
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