no questions asked mortgage ?

starving

i have a poor credit record and a low income, however i do have a lump sum to invest in a property, ive inquired about mortgages with various companies and while i can find people willing to lend to me, the interest rates offered are a joke, especially since i could borrow the money more cheaply off my credit cards and there is virtually no risk to the company as they would be getting a 50% deposit off me.

so the question is , is there any high of the high street lenders willing to lend at low interest rates without any questions providing you are putting down a sizable deposit, and what sort of deposit sizes (% wise are we looking at) are we looking at.

Robert_Sterling_3

You say you have a poor credit record.
Now that you have a large amount available have you settled all your debts?

starving

Robert_Sterling wrote:

You say you have a poor credit record.
Now that you have a large amount available have you settled all your debts?

i'm in the process of doing so, should be sorted out within the next month

starving

basically what the full story is

i became ill and was unfairly dismissed by my employers, since then my health has deterioated further and i am now on sickness benefits.

i am due to recieve compensation arising from my unfair dismissal, however because of the lump sum i will no longer be eligble for housing benefit so i will have to pay £65 a week out of my own money for my rent.

as i will have a large sum and will have to pay nearly £300 a month rent i might as well use the lump sum as a deposit on a place and use the money which would have paid the rent to pay the mortgage payments.