Can I get a mortgage???

Nick2009

Hi when I was younger I got into lots of debt totaling £9000 I managed to get a ccj and a few defaults on my file. I have now paid them all off in full apart from welcome finance which I offered £2000instead of paying £4800 to them my latest default was early 2012. I now have a good job where I earn £44000 a year and my partner earns £9000 a year. I have £30000 saved for a deposit and more then happy to go with a larger intrest rate until my credit files completely clean which is in 2018. Do you think I'd be able to get a mortgage?

kingstreet

What percentage of the property value/price does that £30k equate to?

What exactly is visible and on which version(s) of your credit file?

Defaults?
Judgments?
Late/missed payments?
If so, how much and date of registration of top two?

Nick2009

A cheap house in bristol is about £160 000 and it have 8 defaults all rangeing from 2008 up until 2012 they are all under 300 apart from welcome which was £4800 but are all now satisfied and ccj was from 2011 for around £1000

kingstreet

So the LTV is going to be a minimum of 81%, probably more...

I'd say with that string of adverse, you are going to have to get more time and more deposit behind you, before you have an increased/reasonable chance of a mortgage.

See what the dayshift thinks, in the morning.

Nick2009

All my credit woes started in 2006 when I was a immature 22 year old thought all this stuff I got was only little payments and before I knew it every bit of wages was goin on debt. So I just stopped paying now I'm older with kids and wanting a mortgage it has finally caught up with me wish they taught more on finances in school.mid have my own house now and not have to rent off lowlife landlords all they want is your money and don't want to fulfill their obligations,every bloody landlord we've heads the same

Dave_Ham

Loving Kings. use of the word dayshift...!

With 15% deposit (which you have on the figures quoted) then I would fancy subject to you being well behaved in the last 2 years there to be a solution.

The solution should not be loads worse than the highstreet rates, although that may well depend upon your broker, which you are highly likely to need.

Essential your account conduct now is well maintained though...

kingstreet

I think of myself as "Windmill," as in 24/7 and we never close...