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95% mortgage with default

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  • kingstreet
    kingstreet Posts: 39,268 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 20 March 2013 at 5:27PM
    You need to find a broker and put the full details in front of them. As an example, one lender says this;-
    No more than one county court judgment (CCJ) or default, which must have been satisfied within 3 months of issue, with a total value not greater than £500, within the last four years.
    and you need to be able to fully explain the default, how much, when registered, when satisfied etc. to give the broker the best chance of finding a possibility for you.
    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.
  • leereni
    leereni Posts: 377 Forumite
    Will he/she be eligible for the newbuy/new government 5 % scheme?
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