FTB with credit score of 680

arg_2

Can anyone out there help me??!!

I am a first time buyer. I have a 20% deposit to put down on a property. I have a default on my credit profile entered in July 2009.
I am in full time employment and I need a mortgage for 4 times my income.

I cant seem to find a lender willing to give me a mortgage.

What can I do??

richardw

arg wrote: »

I have a default on my credit profile entered in July 2009.

Seems to have affected your score a lot, did you miss a payment or something?

GAH

Speak to a broker.

How many lenders have turned you away?

If a lot, might just be best holding off and saving a bigger deposit.

arg_2

I've had a couple of bounced cheques over the past year or so which seems to have affected my score too.

I have seen a broker at a local estate agents, which although he said he would "only pout the feelers out and not actually apply" for mortgages, he did apply with 2 high street lenders.

I then followed a link through Experian to match a mortgage to my credit score. A guy from Just Remortgages contacted me and said that GE Money Home Lending would give me a mortgage but would charge high arrangement fees. I agreed and proceeded to make an offer on a property.

But now GE Money have decided that because my employer is a childcare company (which isnt allowed to make profit) I stand a high risk of redundancy because the company isnt profit making. Even though I have worked there for 9 years and have just been given a huge promotion!