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advice on mortgages and any chance getting one
sapman17
Posts: 76 Forumite
advice on mortgages and any chance in getting one. I was on a suspended order from Nov 2008 till Aug 2011 I had a lot of bad debt till my employment tribunal paid in april 2010 and used the money to pay them all back. But does a bad debt with brit gas and anglian water which i am know sorting out and have arrangements with. If I sell my house I am hoping to put around £15000 down and get a mortgage for around £120000-£130,000. my current mortgage has £153000 and hoping to sell for £175,000. help urgently needed and much appreciated please also how do i my check my credit score I earn £15000+ a year my wife around £3000. have also worked since nov 2011 and still with the same company as a security officer if that is still an issue. hope this make sense to someone.
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Can you edit the post so it's in coherent sentences? Very hard to read at the moment.0
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£153,000k mortgage on an £18k household income.
Is that correct?
Do you have children.?0 -
1 she 17Thrugelmir wrote: »£153,000k mortgage on an £18k household income.
Is that correct? yes
Do you have children.?
thanks for any help you can give
advice on mortgages and any chance in getting one. I was on a suspended order from Nov 2008 till Aug 2011 I had a lot of bad debt till my employment tribunal paid in april 2010 and used the money to pay them all back. But does a bad debt with brit gas and anglian water which i am know sorting out and have arrangements with. If I sell my house I am hoping to put around £15000 down and get a mortgage for around £120000-£130,000. my current mortgage has £153000 and hoping to sell for £175,000. help urgently needed and much appreciated please also how do i my check my credit score I earn £15000+ a year my wife around £3000. have also worked since nov 2011 and still with the same company as a security officer if that is still an issue. hope this make sense to someone.0 -
Just to help out I've rephrased it:
I need advice on mortgages, with me getting a new one based on me selling my old house.
The bad news: I was on a suspended order from Nov 2008 till Aug 2011. I had a lot of bad debt till my employment tribunal paid in April 2010 and used the money to pay them all back.
But I still have some bad debt with brit gas and anglian water which i am now sorting out and have arrangements with. (WHEN DOES THIS DEAL RUN TILL, E.g when will your debts be cleared?)
If I sell my house I am hoping to put around £15000 down and get a mortgage for around £120000-£130,000. My current mortgage has £153000 and hoping to sell for £175,000. (WHAT ARE YOU DOING WITH THE OTHER 7K FROM THE HOUSE SALE? PAYING FEES FOR MOVING ETC?)
How do i my check my credit score I earn £15000+ a year my wife around £3000 - a total of £18k a year.
I have also worked since nov 2011 and still with the same company as a security officer.
Please respond speedily.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
OK so basically then £18k total income - mortgage £120k+ - not going to happen with any lender I'm afraid OP0
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The answer is no you wont be able to get a mortgage for the amount your talking. You would need at best a 15% deposit, if not closer to 20 or even 25%.
Until you can get to that - either by purchasing a lower priced property or saving up more money (or a combination of the 2) your going to struggle.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 -
The answer is no you wont be able to get a mortgage for the amount your talking. You would need at best a 15% deposit, if not closer to 20 or even 25%.
Until you can get to that - either by purchasing a lower priced property or saving up more money (or a combination of the 2) your going to struggle.
what about with help from one of the government backed schemes
how do you apply for one thanks for replying.0 -
Get your credit reports from Experian.co.uk or Equifax.co.uk and take copies to a local mortgage broker.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.0 -
It's a starting point and likely to be the biggest issue to any lending.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.0
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