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Getting a mortgage with defaults

Mortgagewoes_2
Mortgagewoes_2 Posts: 5 Forumite
in Mortgages & endowments
Please can anybody help? I need a really good bad credit mortgage broker

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You have a previous post about this.

    Any decent broker would be able to try to assist you. Get copies of credit reports and let a broker look at it.

    Re posting the same thing will not help though. The answers will remain the same
    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.
  • Mortgagewoes_2
    Mortgagewoes_2 Posts: 5 Forumite
    I know the answers won't change, smart !!!!!
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Mortgagewoes wrote: »
    I know the answers won't change, smart !!!!!

    Well why ask again then?
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It's not smart, more obvious.

    Be wary of a broker claiming to speacilaise in adverse credit. Usually it would mean specialising in higher frees. If a complicated case then it will justify a higher fee but be careful of how much.

    When were the defaults and for how much? Any other credit issues such as CCJ's or missed payments?

    Incomes?

    How close a relative is the vendor?

    Not all lenders allow a purchase at undervalue and if you require a 'Near Prime' lender then less likely to happen.

    The vast majority of brokers will deal with adverse credit deals but if you have been to see some already who cant help then maybe that is how it is at present.
    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.
  • Mortgagewoes_2
    Mortgagewoes_2 Posts: 5 Forumite
    Mum is the vendor, defaults were over 2 years ago cominded income on joint application is £40k missus doesn't earn a great deal???
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How many defaults and for how much? Have they been settled? Where will Mum reside upon completion?
    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.
This discussion has been closed.
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