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HELP - mortgages

jrphuntley
jrphuntley Posts: 7 Forumite
in Mortgages & endowments
I have a bad credit history and am currently on a trust deed, I have spoken to the trust deed company and they are happy for me to get a mortgage as I currently pay rent.

My rent is £780 is this transferable to a mortgage, ie a mortgage where I pay about that or less?

Who does mortgages for bad credit as I don't know where to start. Any help will be greatly appreciated

Comments

  • m00m00
    m00m00 Posts: 1,755 Forumite
    with a bad credit record you are going to need a large deposit.
    It's a health benefit ...
  • roonaldo
    roonaldo Posts: 3,420 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I doubt at the moment you would get a mortgage at all
  • kingstreet
    kingstreet Posts: 39,309 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    IIRC this is the Scottish equivalent of an IVA?

    To get a mortgage with this, you'll need at least 30% deposit, possibly more.

    I suggest a specialist whole market broker in Scotland who will know the right lenders to approach at the outset.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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