Ftb-help Finding Mortgage

f1slikki

Hi there, and thanks for looking and hopefully giving me some pointers to which way to turn.

I am a FTB have reserved a property which is new build & I am getting an 80/20 shared equity deal with builder due to LTV with new builds, I also have a further 5% deposit therefore I am looking for a 75% mortgage.

I have had a broker look into things for me & said that the best mortgage company for my situation would be Abbey however after 8 hits on my credit file & several AIP's later (application has been on-going for around 2 1/2 months) I have now been declined due to affordability and undisclosed credit commitments, I have been advised to check my experian credit file & it shows what I declared- a few credit commitments all up to date with no issues & 2 previous defaults 1 for £100 & the other £50 which were pay in January 2008, however I was advised that if I get a loan for the 5% deposit that this would not cause any problem as this was checked with Abbey & they were fine with it therefore this is the only commitment which was not originally declared (as I didnt have it then) but broker should have updated this on application. I am now wondering why Abbey are coming back saying this when they have done all these previous searches and been fine with things however now I am being declined after this loan has gone through & been updated on my credit report it makes me wonder if it is the loan which has failed me but nobody will tell me.

sorry that this is long winded but I am trying to see if anyone else knows of any other mortgage companies that I could try that may be able to help, I know with the current market that things are alot tighter and not alot of providers do builders shared equity that is why I am turning to the wisdom of you guys.

I need a provider who would accept my 2 settled defaults, do shared equity & would allow either 80% LTV (whereby I would pay the loan back) or 75% LTV with me paying 5% deposit.

any help on this would be very gratefully received, I have heard of companies who deal with adverse credit, etc but charge higher rate however I dont know what companies to even begin to try, I also dont want to have too many more hits on my credit file so i'm in a catch 22 situation.

many thanks