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Help to Buy with Default???
vzbfhr
Posts: 31 Forumite
Hi everyone, especially you brokers:)
Quick question,
Do the help to buy lenders consider people with defaults?
More info if needed.
4 y/o satisfied default for £700.
We should have about £30k equity in our current home with about £10k debt to pay off.
We earn £60k between us and would hope to get a house between 200 and 250.
Worth looking into or have we no chance for a couple of years?
thanks in advance!
Quick question,
Do the help to buy lenders consider people with defaults?
More info if needed.
4 y/o satisfied default for £700.
We should have about £30k equity in our current home with about £10k debt to pay off.
We earn £60k between us and would hope to get a house between 200 and 250.
Worth looking into or have we no chance for a couple of years?
thanks in advance!
0
Comments
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There's only Halifax.
If you pass, you pass, if you don't, you don't.
Not much more anyone can say, TBHI 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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Thrugelmir wrote: »May be worth tackling that debt before applying for a larger mortgage.
Well the plan is to use the equity when we sell to pay off all debts. Would a lender take this into consideration?0
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