Adverse mortgage broker

Grease

Can anyone help please, i'm currently trying to get a mortgage but my credit file is very poor, it's improved over the last few months and i am curerntly with a lender that is unable to help. I also have a black mark on my file in relation to paying int only on my current mortgage that i'm currently trying to remove but this could take weeks. I am with an advisor that is unable to provide a mortgage offer and now reading through this forum i think he only works with certain lenders. Are there not other lenders out there that will provide a mortgage to people with bad credit rating but with higher interest rates?

Thanks

Dave_Ham

Hi and welcome, this is a much better sub forum to be posting in.

What is your mortgage balance and what is the approx. value of your property?

Do you have any defaults or CCJ's; if so what value and what date?

This will help with an opinion on whether you are likely to achieve finance and on what likely terms..

Grease

The mortgage balance is £150k the value of the property i want to buy is £250k. I have no defaults or CCJ's but do have some late payments and payment plans.

ACG

Are the payment plans showing on your credit reports?

Grease

Yes they are. The ones that are causing the problem are the mortgage ones back in 2011 I was in financial difficulty and spoke to them and they offered int only but not once mentioned that it would appear on my credit file, so I've put in a complaint to have the mark removed.