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  • FIRST POST
    • happybunny86
    • By happybunny86 17th May 17, 11:20 PM
    • 304Posts
    • 2,073Thanks
    happybunny86
    First time buyer- defaults
    • #1
    • 17th May 17, 11:20 PM
    First time buyer- defaults 17th May 17 at 11:20 PM
    The mortgage advisor is coming over tomorrow but I'm up late stressing he will probably say yet again we can't get a mortgage because of my silly past.

    I'm down to 4 defaults... The last being from 2013. My husband has an immaculate credit score. We have a 10% deposit. Does anyone think there's a chance we will get a mortgage?
    Pay off Debts by Christmas 2015 = DEBT FREE!
Page 1
    • ACG
    • By ACG 18th May 17, 2:58 AM
    • 14,919 Posts
    • 7,507 Thanks
    ACG
    • #2
    • 18th May 17, 2:58 AM
    • #2
    • 18th May 17, 2:58 AM
    I reckon you will be fine, possibly high street rates but worse case scenario around 4.5% should be available.
    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.
    • Worried Girl
    • By Worried Girl 18th May 17, 1:32 PM
    • 91 Posts
    • 54 Thanks
    Worried Girl
    • #3
    • 18th May 17, 1:32 PM
    • #3
    • 18th May 17, 1:32 PM
    My husband and I both have defaults from 2013. I have 3 and he has 2. My mortgage broker was fantastic I found him on Vouched For (Gary Cahil from Moneyquest). We have just had our mortgage offer confirmed. 15% deposit 2 year fixed deal at 1.94%! We are over the moon. Other brokers told us we would have to go to specialist lenders so choosing the right broker is the key.
    • RodTrotter
    • By RodTrotter 19th May 17, 12:37 PM
    • 1 Posts
    • 0 Thanks
    RodTrotter
    • #4
    • 19th May 17, 12:37 PM
    • #4
    • 19th May 17, 12:37 PM
    This issue of defaults actually caused my relationship to fall apart and my girlfriend ended up getting a house on her own, Im 26, i earn 35k, i have 15k in savings and i could sell my car if i need to but i have two defaults which were for less than £300 and i was told i had no chance last September, lately i have been seeing promising stories like the ones above which give me hope.
    Is there anyone recommended i could talk to to assist me further?
    • ACG
    • By ACG 19th May 17, 1:00 PM
    • 14,919 Posts
    • 7,507 Thanks
    ACG
    • #5
    • 19th May 17, 1:00 PM
    • #5
    • 19th May 17, 1:00 PM
    2 x £300 defaults, you should have options. More so of they have been satisfied a while.

    Even in September you would have been fine based on what you have said. But like anything the devil is in the detail.
    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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