Most generous mortgage lender?

cstreet

Hello,

I am looking to apply for a mortgage as a single applicant. My other half has a CCJ from 4 years ago (silly mistake, excellent credit history since then).

Untill this has been removed from his record I am applying for a mortgage soley in my name. Some banks will lend me more than others even though I am using the same incoming and outgoing figures using their online calculators.

Does anyone know which lenders are more generous than others? At the moment Nationwide is coming up tops.

We have a 30% cash deposit so our LTV under the 70% - Nationwide have excellent rates at 2.89% fixed for 4 years, so also does anyone know other lenders with such a good rate?

Thanks in advance!

kingstreet

How much was the CCJ for, when was it registered and what is the date of satisfaction?

Is there anything else to worry about in the case? Defaults, late payments, poor current account conduct?

_Andy_

You need to post the amount you are actually wanting to borrow and your income.

cstreet

How much was the CCJ for? £18,000
When was it registered? April 2009
What is the date of satisfaction? April 2013

Is there anything else to worry about in the case? Defaults, late payments, poor current account conduct? - Everything else is fine, all payments up to date, bills paid, no defaults.

You need to post the amount you are actually wanting to borrow: £200,000
Your income - £38,100

Thanks!

cstreet

I should add that at this stage it is only me applying for a mortgage, not my partner. We do not have any joint accounts.

Thanks for any help

rob404uk

I would think borrowing 200 would be a push. 160/70 more realistic. Have you tried the how much we will lend tools on their sites?

Thrugelmir

cstreet wrote: »

You need to post the amount you are actually wanting to borrow: £200,000
Your income - £38,100

Highly unlikely. As that's over 5 times gross income.

_Andy_

can't see any lender doing over 5x income at all.

GMS

Income multiples will make this difficult.

Whose is the deposit? Yours, partners or joint?

May well be options for a joint mortgage. Broker could well be useful here to see how it can be done. May be a case of getting what you can rather than chasing best rates

ACG

Go and see a Mortgage broker. With the age of the default and the amount of deposit there are lenders who will ignore it. It can then be done on your 2 incomes.

Decent broker (not an estate agent one) and i would be confident this can be placed (and at decent enough rates).

Dave_Ham

Echo above, whilst your accounts are not linked some lenders will not like it. This will change to not accept it if any of the deposit is coming from partner and/or partners family. You also say we have, which suggests it is a joint deposit.

From the highlights provided, forget market leading rates and consider a joint mortgage on fair rates and remortgage in 2 years time..

As stated, age of the default and satisfaction will provide options as will your deposit.

Good luck