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£30K deposit on £70K property - bad credit

[Deleted User]
[Deleted User] Posts: 7,175 Forumite
Part of the Furniture 1,000 Posts Name Dropper Photogenic
in Mortgages & endowments
I'm just wondering are there any mortgage lenders out there that will give a mortgage to someone with bad credit who has a large deposit of £30K on a <£70K property?

Or are you basically stuffed on getting a mortgage with bad credit history?

Comments

  • droiderm
    droiderm Posts: 778 Forumite
    Seventh Anniversary 500 Posts Combo Breaker
    What exactly is your bad credit history ?
    Have you checked your credit reports ?
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Sorry the question is a bit generic. Yes there are lenders that will lend, but will depend upon the details.

    Worthwhile achieving your Experian, Equifax and Call Credit reports and getting in front of a broker.

    Key specifics are CCJ's, defaults and missed payments. When, how much and if settled are additional key considerations.

    Good luck
    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.
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