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First time buyer mortgage with poor credit

jdml1234
Posts: 1 Newbie
Hi all,
I'm a first time buyer looking get a mortgage and, whilst I have a sizeable deposit (25%) and have been debt free for several years, I'm finding it hard to get approved for a mortgage due to a poor credit history in the past. According to my credit report I have had a number of missed payments on credit cards and one or two defaults, all of which have been subsequently settled (about 2-3 years ago).
Are there still any slightly less than prime mortgage lenders out there these days? Does anyone know of anything I can do help my situation other than wait, stay in the black and try again several years down the line?
Any help much appreciated!
I'm a first time buyer looking get a mortgage and, whilst I have a sizeable deposit (25%) and have been debt free for several years, I'm finding it hard to get approved for a mortgage due to a poor credit history in the past. According to my credit report I have had a number of missed payments on credit cards and one or two defaults, all of which have been subsequently settled (about 2-3 years ago).
Are there still any slightly less than prime mortgage lenders out there these days? Does anyone know of anything I can do help my situation other than wait, stay in the black and try again several years down the line?
Any help much appreciated!
0
Comments
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Hi,
I would suggest you try Halifax, they can be less fussy than most lenders. If not Kensington will do it for you but they charge higher rates0
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