Poorer credit mortgage

tommytynan123

I am sat here in rented with a 'not too sharp credit file incl defaults etc' What it will show is that I am attacking the problem by keeping to all arrangements made. I am 56
In 2 weeks I leave my employer (public sector) under redundancy with a cheque for £75K and a pension of £20K. I intend paying off all the debts and would like to try to use the residue (£53K) and the pension to buy a small property for about £110K. I do intend finding a 'non-career' job once I'm free !!
Should I be looking at any lenders who are more sympathetic to ''poorer credit files'' and if so who are they ??

Thanks

(Trying to avoid any more waste on rent and leave the kids something rather than just the overdraft)

handytips

Ok a number of questions need to be answered by yourself before any body will be able to try and point you in the right direction.
How many defaults do you have, and how long ago were they registered ?
IMO as long as your credit file isnt that bad ie you are keeping up payments and not missing any, and the defaults are over 3 years old you may stand a chance but i would think you would need atleast a 35% deposit. There are many questions that need to be asked before an answer can be given on your case.
I wish you all the best but you do need the services of a broker.

tommytynan123

Thankyou handytips