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sub prime

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langylangy
langylangy Posts: 50 Forumite
in Mortgages & endowments
hi there all,

ok i would like some ideas of the best sub prime lender there is, i earn 20k per year my gf earns 12k per year we have 11k deposit and the purchase price is 110000, we both have quite bad credit ratings and expect to pay over the odds hich is fine as we can swop in a few years when they have improved, i also own a flat which i have permission to rent out from SPML and have 30k equity,which lenders do u think would suit us???

i cant use spml i had a few arrears a year ago but am fine now

thanks

Comments

  • AndrewSmith
    AndrewSmith Posts: 2,871 Forumite
    Hi,

    Can you expand a little on the extent of your bad credit history?

    Thanks

    Andy
  • langylangy
    langylangy Posts: 50 Forumite
    2 ccjs from 4 years ago which are unsattisfied for me and a few missed payments in the last few years and a few missed payments for her.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    have you caught up with the missed payments? any defaults? how much were the individual ccjs for and when were they registered? What kind of a mortgage product are you looking for? fixed? tracker? what are you future plans?
    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.
  • langylangy
    langylangy Posts: 50 Forumite
    yes all the missed payments were caught up and the ccjs were for 1200 and 600 and are registered, as for the mortgage a fixed for 3-5 years would suit best to get the rating back u[p then change after. the ccjs are not sattisfied.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    accord mortgages are a good bet. https://www.accord.co.uk sorry i cant recommend a specific product as you are not a client and i dont know you well enough!
    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.
  • langylangy
    langylangy Posts: 50 Forumite
    Thats Ok Thanks
This discussion has been closed.
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