mortages with default account and high credit rating

cwaless · 9 July 2013 at 4:04PM

Hello I hope someone can give me some advice as to where to go.

I am permenantly employed with a salary of £21388.
My credit score is good, at 914 and has increased over the last couple of months significantly since being in a permenant working position.

Now I'm in a solid and secure job, my parents offered me £12300 (approx) for a deposit of 20% towards my first flat which I have had an offered accepted on at £61500.

My parents found the flat and I got involved when it came to mortagage applying. Having little finacial experiance I just looked at my credit score as good and went ahead; then got dclined by Halifax and Nationwide due to an adverse credit from next 2 years for £84 and issues with a Natwest Credit card for £350 last year. All my accounts have been setteled and cleared and I have made additional payments to my credit cards and am paying them off steadily (two, one with balance of 400, other of 50)

Any advice as to where I can get a mortgage and which companies are best to talk to? I live in South Wales so it need sto be someone who can mortgage properties here. My broker advised me to go with Halifax after nationwide declined and that wasnt successful.

Has anyone else been in this situation, or possibly worse and got a mortage?

Thanks in advance.

a worried cwaless

Thrugelmir · 9 July 2013 at 6:57PM

If you are struggling to clear credit card debt. Then perhaps home ownership isn't for you at the moment. Perhaps wait a while, sort your money out and put some savings aside. Your current credit history is what's letting you down. So you need a clean bill of health for some time to allow the old issues to become history.