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Big deposit, low LTV but no credit history
Wibblemeister
Posts: 1 Newbie
I'm currently looking at a number of properties around the £80,000 mark (FTB) and have a deposit of £30,000 to put down. I've spoken to a couple of mortgage brokers and they reckon that salary multiples will definitely be enough to get the value I'm looking for, but my main concern is my lack of credit history in the UK. I've lived overseas for a number of years until I recently moved back to the UK, and though I've maintained British current accounts I've not had any credit dealings here since I held an overdraft 10+ years ago as a student (no issues with that).
Does anyone have any suggestions/recommendations as to which lenders are more likely to give mortgages to someone in this situation? I'd be interested in scoping out a few mortgages from those companies myself before taking things further with a mortgage broker.
Thanks for any advice you can give
Does anyone have any suggestions/recommendations as to which lenders are more likely to give mortgages to someone in this situation? I'd be interested in scoping out a few mortgages from those companies myself before taking things further with a mortgage broker.
Thanks for any advice you can give
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