Mortgage Advice - Adverse Credit

mparter

I'm looking to enquire about the possibility of getting a mortgage in the near future. I have however, got 3 defaults on my file from a few years ago. Can anybody recommend me some brokers/sites/lenders I can get in touch with to discuss my options?

I'd probably only be able to get a maximum 5% deposit, this will obviously limit my options. I'm also assuming it would be a waste of time trying my bank because of the defaults?

trevorbell

I know a very close friend who was in the same position as yourself he went to a local mortgage advisor and to be perfectly honest you will be paying more than a high street lender but for say 2 year tie in bite the bullet and then after that you should be able to transfer back to a high street lender on probably 1 or 2% less. Remember that the mortage company is taking a risk taking you on and they like to make a little extra out of you. My friend did this and after 2 years he jumped to the Nationwide..!

Trev..