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Large deposit poor credit what to do.......
leelee1704
Posts: 20 Forumite
Hi never had a mortgage befor but I need one for 10,000 got a large deposit of 80,000 for a house I'd like to buy but need this last 10,000 and got declined because of poor credit I've had one default which am now working on fixing and a coupled late payments but nothing else anything I can do to get this last 10,000
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Comments
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Hi,
All mortgages i've seen have a minimum loan amount which have been over 10K, that could be the problem but i'm sure the experts will be along soon.Married the man of my dreams - 10th September 2012, St Paul's Bay Lindos :jIt was amazing.
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People are going to ask when was the default registered and how much was it ?0
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A year ago and for 20000
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Who has declined you ?0
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Do you just need £10k or another £10k in addition to what you can raise as a mortgage ?0
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Assuming affordabilty can be proven you should be able to get something but wont be 10k. Minimum loan will be more than that.
Speak to a broker and see what can be done.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 -
Santander refused me and just need the 10k I have 80k0
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Smaller building societies have lower minimum loans and don't credit score, but may balk at a £2k default in the last couple of years.
Speak to a whole market broker.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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