mortgage help

ditchy

partner had bad credit but now got clear history and usuall banking facilities.Her bank told her that although shes clear they still look at it and couldnt provide her with a mortgage,did say other lenders probably would any help will be greatly appreciated.

kingstreet

This will depend on the adverse credit - type, amount, dates of registration and the amount of deposit/loan to value.

ditchy

she had iva but paid it off with a agreed lump sum about three years ago,her credit is showing clear and good.loan to value is aproximately 45k on a 120k max price,however it could also be much lower i,e.£90k price with same deposit.There will be approximately another available £20k in future but would rather keep that if possible.She earns £25k.

ditchy

if possible a lower deposit would be beneficial obviously.

kingstreet

A £45,000 mortgage on a £120,000 purchase?

That's a loan to value of 37.5%. If the purchase price drops to £90,000 and the mortgage stays at £45,000, that's an LTV of 50%.

Based on what you say, there should be some possibilities if the adverse credit is historic and falling off the credit file.

A broker would be the best port of call for such a case. Ask friends and relatives for a recommendation, failing that try https://www.unbiased.co.uk, switching off the "sponsored ads only" option, so a full list is displayed, not just the paid-for adverts.