We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can't get mortgage misery - Help
lililoo123
Posts: 10 Forumite
Hello
Just wondered if anyone out there has any advice or info that may help my desperate plight!
I am newly debt free after 13 years of agony. I have two defaults on my credit report from 2005 and have also saved a £20,000 deposit. So far i have been unable get a sniff of a mortgage, is there any hope?! I know that my defaults only have another year until they are removed but am desperate to get my own place (moved back to parents for fourth time!)
Also, i have been to the mortgage bureau but don't feel that the lady there had any expertise in specialist mortgages, does anyone know of a financial advisor or company that could help? Thanks
Just wondered if anyone out there has any advice or info that may help my desperate plight!
I am newly debt free after 13 years of agony. I have two defaults on my credit report from 2005 and have also saved a £20,000 deposit. So far i have been unable get a sniff of a mortgage, is there any hope?! I know that my defaults only have another year until they are removed but am desperate to get my own place (moved back to parents for fourth time!)
Also, i have been to the mortgage bureau but don't feel that the lady there had any expertise in specialist mortgages, does anyone know of a financial advisor or company that could help? Thanks
£23,000 debt cleared June 2010. Opted for Payplan DMP 2005, took matters into my own hands 2008 in order to clear debt speedier. Yipee I got there! :j
0
Comments
-
You may need to post more info like your income and how much you want to borrow.0
-
1 more year, after 13, is not long to ride it out.
Keep your credit history clean.
Try again in 2012.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
If you did get a mortgage now, you can be sure you would be penalised on the interest rates for years to come for those defaults. Keep saving and try again in a year.Been away for a while.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards