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Mortgage with a default?

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1356

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    When was the default put in place and when satisfied?

    Best bet would be to speak to a broker. Don't apply at random as this will harm credit score.

    How much did you want to borrow and what purchase price/valuation?
    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.
  • Jordan_k_s
    Jordan_k_s Posts: 13 Forumite
    I would suggest talking to a good broker who is experienced in dealing with adverse credit and see what they have to say.
  • Jordan_k_s
    Jordan_k_s Posts: 13 Forumite
    emran2486 wrote: »
    Did the broker get the mortgage for you?


    My broker is in the process of getting me an AIP and is confident of being able to achieve a mortgage for me and my partner with fair-good rates. Think it's vital to speak to someone who knows what they are doing and which lenders to approach. I could highly recommend the broker I'm using who is a poster on here. PM me if you would like me to pass on his details.
  • emran2486
    emran2486 Posts: 34 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    this started in 2003 - but the satisfaction date is from Jan 2012 but this was paid off in Nov 2011

    The mortgage that I require is for 139K
    __________________________________________

    FTB
    Property market value 160K
    Property purchased for 93K
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    emran2486 wrote: »
    this started in 2003 - but the satisfaction date is from Jan 2012 but this was paid off in Nov 2011

    The mortgage that I require is for 139K

    How much deposit do you have?
    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.
  • emran2486
    emran2486 Posts: 34 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    the property is valued at 160K and we have received 21K discount which will be going towards the deposit
    __________________________________________

    FTB
    Property market value 160K
    Property purchased for 93K
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    emran2486 wrote: »
    the property is valued at 160K and we have received 21K discount which will be going towards the deposit

    Discount from whom?
    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.
  • emran2486
    emran2486 Posts: 34 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Housing association we are buying from, they will be selling the property as a freehold property
    __________________________________________

    FTB
    Property market value 160K
    Property purchased for 93K
  • emran2486
    emran2486 Posts: 34 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    one broker just called back saying she cant do anything as I have a default on my record, i am very upset as I thought no matter what a broker can get you a mortgage.
    __________________________________________

    FTB
    Property market value 160K
    Property purchased for 93K
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    emran2486 wrote: »
    one broker just called back saying she cant do anything as I have a default on my record, i am very upset as I thought no matter what a broker can get you a mortgage.

    Unfortunately not.
    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.
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