We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Adverse credit and shared owndership
miss_b87
Posts: 4 Newbie
Hello all,
New poster here, looking for some honest advice.
I am in the process of dealing with an independent mortgage adviser. I am looking for a £35000 mortgage with a 10% deposit. This is for a 40% share. They have come back saying that due to adverse credit this is looking unsuccessful.
I have a default on my credit history from 2009, which is paid off and a couple of missed payments in 2011. My debts currently total £600, which I am making all the payments for regularly. These missed payments in 2011, were by a couple of days each.
Am I destined not to get this mortgage? I currently pay more rent than the mortgage payments would be and I have never missed a rent payment, which is in excess of £550.
Thanks for any advice received.
New poster here, looking for some honest advice.
I am in the process of dealing with an independent mortgage adviser. I am looking for a £35000 mortgage with a 10% deposit. This is for a 40% share. They have come back saying that due to adverse credit this is looking unsuccessful.
I have a default on my credit history from 2009, which is paid off and a couple of missed payments in 2011. My debts currently total £600, which I am making all the payments for regularly. These missed payments in 2011, were by a couple of days each.
Am I destined not to get this mortgage? I currently pay more rent than the mortgage payments would be and I have never missed a rent payment, which is in excess of £550.
Thanks for any advice received.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards