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Serenag
Serenag Posts: 5 Forumite
First Post Combo Breaker First Anniversary
in Mortgages & endowments
Hi there,

Just needing a little advice!

I am soon to be divorced and if all goes as planned I will come out with £120k I have a low income ( 17k a year from working 16 hrs a week, maintanance payments for my child, and benefits) I also don't have a good credit rating due to a missed phone bill payment. To buy anything decent in my area I will need at least £160k which means I have a shortfall of 40k would I be able to get a mortgage for this due to me putting such a large deposit down? Any advice appreciated!

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  • ACG
    ACG Posts: 23,729 Forumite
    First Anniversary Name Dropper First Post I've helped Parliament
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    It depends on a few other things but I would be surprised based on what you have said if you can not get what you need.

    Speak to a broker but im sure you will be able to get the mortgage at reasonable rates.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG
    ACG Posts: 23,729 Forumite
    First Anniversary Name Dropper First Post I've helped Parliament
    edited 3 May 2015 at 12:28PM
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    Post above was deleted so removed this post.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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