Can i get a mortgage?

zamoey

Hi everyone, could someone please tell me if Im wasting my time on looking for a mortgage,
my credit history isn't great but i do have 50% deposit do i stand a chance? thanks

herbiesjp

Based on the 50% LTV it is possible.

However, you would need to give the actual figures, including your income and details of your credit history problems.

Conrad

It depends on the exact nature of your bad credit and how you have handled the debts in the last 12 months. Usually a lender will want any defaults / ccjs cleared as this demonstrates your willingness to stick to the terms you signed up to and pay your debts as per those terms once it got to default.

Lenders in this sector may well want Bank statments demonstrating you handle your accounts satisfactorily.

The lender I like a lot for such cases is Melton.