Arranged Payments and Morgages

andste17

I have recently been rejected a mortgage because i have had an arranged payment on a credit card. I was wondering if there is any way possible to get a mortgage with an arrangement of pay on your credit history?

Guarentour??
Writing letters to lenders etc??

Anyway at all without waiting six years?????

_Andy_

Guarantor won't change anything.

Some more detail would be good

What's your situation - purchase, remortgage?
Property value?
Amount you're borrowing?

luckyfool

With a 20-25% deposit there should be options depending on when this arrangement started and if it shows as a default.

andste17

basically i am buying my nans house who sadly passed away last year, im getting an excellent deal, 110000 pound dorma bungalow for 80000 with a deposit of 10%, 20% at a serious push. i have had two arrangements one about six years ago on a orange phone and one in 2008 on a credit card through pure stubborness. which seems to have cost me, i have taken my credit history in to the abbey today and they think that it wont be a problem, they are more bothered about if it is a money laundering scam lol in sayin that the natwest said they didnt see it as a problem either, do advisors work on commission??

andste17

and there are no defaults, ccj's or any other missed payments my ch is perfect otherwise, i can just be stubborn when i feel i am being ripped off, im not always right hense my issues now?
any help is much appreciated. . . .

andste17

we will only be borrowing 65k on the abbey one but tried for 72 on the natwest one. . . . again hope this helps. . . .

andste17

Any advice peoples im desperate for this house, my mum would love to keep it in the family its been part of my family for 40 years any help would be amazing???

plz plz plz thank you!!

steve

getmore4less

Is there another way to keep the ouse?

Whats the situation with the house?

Debts in the estate?
Who will own it when the estate is finalised
If it is being sold in the estate have all the benifitiaries agreed to an under market sale.

andste17

basically my nan died and my mum and aunty inherited the house, went to probate and dum de dah, the house is 50% shared between my mum and my aunty, now my family need the money from the house, but have agreed that if i can buy it from them they will let me have it for 80000 when it is valued at 110000. plus i want the house to be mine, only solution is a mortgage.

andste17

unless i win the lottery, not gonna happen. . . . is it possible for me to get a mortgage or will all underwriters come back and say no because of arrangements to pay in the past?? if someone will who is more likely to? the abbey etc??

funky_fiddler

I'm kind of in the same situatuon as you re AP on my credit file- I've just paid off the whole balance and am waiting for my credit file to be updated- as I understood it your file gets marked as satisfied- it is only equifax that mark it as this though- on expirian my score is really good.

We are looking to get a mortgage soon -my partners credit is really good so I'll be really interested to see how you get on- fingers crossed! Have you tried a whole of the market broker? I'm a bit worried about our plans going wrong too due to my mistake!:eek: