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FTB Mortgage after previous bad credit?

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Julieindeed
Julieindeed Posts: 7 Forumite
in Mortgages & endowments
Hi,

I was wondering if anyone knew of any companies who consider applicants with previous bad credit.

All of my debts are settled now, and I havent missed a payment for 5 years, but I do have defaults on my file from November 2005, so they won't drop off till November 2011.


thanks

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Julieindeed wrote: »
    Hi,

    I was wondering if anyone knew of any companies who consider applicants with previous bad credit.

    All of my debts are settled now, and I havent missed a payment for 5 years, but I do have defaults on my file from November 2005, so they won't drop off till November 2011.


    thanks

    What kind of deposit do you have? How much are you looking to buy for?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Julieindeed
    Julieindeed Posts: 7 Forumite
    I have a 50k deposit, looking to buy at maximum 100k.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Julieindeed wrote: »
    I have a 50k deposit, looking to buy at maximum 100k.

    Could be options for you at that kind of Loan to Value.

    Best to see a 'Whole of Market' broker as not all lenders offering the deals are available on the high street direct to customers.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Julieindeed
    Julieindeed Posts: 7 Forumite
    I'll try that then, thanks.
This discussion has been closed.
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