help

chungoi

hello people
I would like some advice could anyone tell me what kind of mortgage i can get and which would be the best In 2003 i got into debt to the tune of 27k.Everything was payed off in 2009.Now having looked at my credit report i see i have 2 defaults on it one ends in feb2011,the other 2015.Now my bank account just used to be basic but now it is current with a £500 overdraft.I couldn't get a mobile phone contract with vodafone 2yrs back but i applied 8months back and they said fine so took one out with them. Now seems to me my credit looks like its getting back on track could anyone tell me what my best options are.Oh by the way enquired about a mortgage with my bank they said no (lloyds).But yet i can get a current account whats that all about many thanks

GMS

chungoi wrote: »

hello people
I would like some advice could anyone tell me what kind of mortgage i can get and which would be the best In 2003 i got into debt to the tune of 27k.Everything was payed off in 2009.Now having looked at my credit report i see i have 2 defaults on it one ends in feb2011,the other 2015.Now my bank account just used to be basic but now it is current with a £500 overdraft.I couldn't get a mobile phone contract with vodafone 2yrs back but i applied 8months back and they said fine so took one out with them. Now seems to me my credit looks like its getting back on track could anyone tell me what my best options are.Oh by the way enquired about a mortgage with my bank they said no (lloyds).But yet i can get a current account whats that all about many thanks

Not enough information to give any indication.

As you have adverse credit it could be difficult. You should speak to a 'Whole of Market' broker. Do not apply to every lender a best buy table or price comparison site tells you. This could cause more harm than good.

As for Lloyds, a current account is far far less risky than a mortgage. Because they give you a £500 overdraft does not mean they are obliged to give you a mortgage.

chungoi

thanks for reply what more info needed

herbiesjp

How much were the defaults for?

What purchase prices were you looking at? And what kind of deposit do you have?

chungoi

1st £320 2nd £900 purchase £57k the reason been my farther died last year and left his house to me and my sister the 57k is to buy here half of the house and do some modernising.Hope that helps

herbiesjp

When were those defaults first registered?

What is your income?

DO you have zero debts now?

chungoi

jan2005 dec2009 27500k no debts