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defaults
thomasc
Posts: 82 Forumite
soon i might have to get a mortgage i have got a house which is mortgage free and worth about £200000 i have to give my ex around £60000 so i need to get a mortgage is there any chance of me getting one with 5 defaults on my credit history
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At that loan to value you might be able to. The interest rate and fees will be sky high thoughI am a Mortgage adviserYou 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.0
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when u say sky high how high0
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How old are the defaults?
The fact the mortgage amount is "only" £60k will mean that even if you can find a mortgage, and the rate is high, it will not impact on you as mcuh as if the mortgage were say £150kI am a Mortgage AdviserYou 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.0 -
well 3 of them were back in 2004/05 but 2 are very recent0
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How recent?
Last couple of months?
Potentially you could be looking at rates around mid 6%, maybe slightly betterI am a Mortgage AdviserYou 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.0 -
as in january0
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Well, you should be able to get amortgage based on the above figures.
You haven't posted any other details so difficult to say if you meet all other criteria, but the low LTV is good - so you should have a good chance of getting a mortgageI am a Mortgage AdviserYou 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.0 -
lets hope so thanks for your help0
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No problem
I wouldn't go diret to lenders down the high street though, as with that credit history you are looking at specialist lenders that deal only with intermediaries.I am a Mortgage AdviserYou 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.0 -
ok ill see what i can find do you know of any websites that are any good, self cert mortgage i will have to get0
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