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adverse credit mortgages

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trixy5

trixy5 Posts: 8 Forumite

16 August 2012 at 3:35AM in Mortgages & endowments

Hi, can anyone tell me if it is possible to get a mortgage with defaults on credit report? And if so, what mortgage company I should be looking at?

I have a few defaults from student account overdrafts on my file.

I currently earn £39,000 and have around £12,000 in savings. i am looking to buy a house around £90,000 to £100,000.

Thank you

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Comments

GMS Posts: 5,388 Forumite

16 August 2012 at 9:12AM

When were the defaults put on, how much and have they been settled?

Might need a bigger deposit.

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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trixy5 Posts: 8 Forumite

16 August 2012 at 12:10PM

The defaults were for between £1000 and £1700. They are dated 2008

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trixy5 Posts: 8 Forumite

20 August 2012 at 8:06PM

Any advice?

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ACG Posts: 24,608 Forumite

20 August 2012 at 8:17PM

Probably need a 15% deposit minimum. Were they satisfied? If so when? - This will increase your chances.

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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trixy5 Posts: 8 Forumite

21 August 2012 at 11:04AM

They have only been satisfied recently

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This discussion has been closed.

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