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advice on mortgage
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benjamin10
Posts: 1 Newbie
i would like some advice please on getting a mortgage for 20000. i have 160000 for a deposit but need to borrow an extra 20000. the problem i have is that on my credit file is a default from 2004 which was settled in 2004. and the other thing is i have two applications on one for a mortgage and the other a secured loan. these were both paid off in 2006 has i was widowed. they are showing on my credit file as late payments. do you think i will beable to borrow the 20000 with having such a large deposit. i have no other debts at all.
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Comments
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You will be absolutely fine in getting a mortgage.0
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You will be absolutely fine in getting a mortgage.
Assuming you have sufficient income then you should be fine on the credit checking side of things.
Your problem is that many lenders won't offer a mortgage under £25,000 so your choices will be restricted.Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
defaults etc last 6 years. So the 2004 one has either dropped off, or shortly will drop off, depending when in the year it was...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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