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Mortgages for bad / fair credit history
Richard1980
Posts: 7 Forumite
Hi Every Body,
My wife and I are looking to buy our first home. She has a perfect record with no late payments etc.
The problem starts with me. I have had 3 late payments with Virgin Media.
Where do you suggest we look for a mortage?
My wife and I are looking to buy our first home. She has a perfect record with no late payments etc.
The problem starts with me. I have had 3 late payments with Virgin Media.
Where do you suggest we look for a mortage?
0
Comments
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Probably a broker, but how recent are the Virgin Media missed payments and are they consecutively?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Thanks for the fast reply.
Last year September and November.0 -
So long as the other missed payment was not October, you should be ok with most reasonable lenders.
If you are trying at 95% loan to value, or 90% ltv with some of the more selective lenders this may hurt you a bit...
Good luckI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Were looking at 90% LTV.
We need around £169,200, My wife has a good salaty £40K and Im on £22K.
Britannia did a creidt score yesterday to apply for the mortage and it came back with "referred".0 -
Not sure you will get through Brittania at 90% LTV.
Whist their rates are attractive, they are quite selective.
Income is clearly no issue, it is just getting through the credit score.
Good luckI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Who do you recommend in my situation?
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Recommending a lender would be unfair and unprofessional for an adviser who doesn't know your circumstances.
Do you have any unsecured credit? Any dependants?I am a Mortgage AdviserYou 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.0 -
Sorry, but GMS is correct. It is reckless to share lender names without full sight of your case.
I would recommend if Britannia do decline you to get a recommended broker...
All the bestI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Sorry.
No nothing like that. I have 2 credit cards, I pay them off in full every month.
I had a loan, I finished paying that off in July. So Im debit free.0 -
You will no doubt get posts from people stating 'my mortgage is with x and they are great', 'my situation was like yours' etc. Truth is every application is different.
With a less than perfect credit history you need to get away from chasing rates and find a lender willing to accept you.
That said Britannia have not said no yet so wait and see what they come back with.I am a Mortgage AdviserYou 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.0
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