mortgage with bad credit & not a UK tax payer ?

Adsanders1977

Hi all.

I've not got the best credit rating but able to come up at 25% down payment on a property.

This is going through companies that are will fund me because of my bad credit history. The problem is none of these will now accept me because I am not a UK tax payer. I work abroad for 6 weeks and then return to UK for 3 weeks off. Offshore mortgage companies will not help due to my poor credit.

Does anyone know if there was any way around this ?

ACG

Speak to a broker, take your credit reports with you and your employment contract.

Bad credit can mean anything from late payments through to bankruptcy - it could be last month or 5 years ago.

With a 25% deposit its usually possible to place the vast majority of applications but you will need a broker for it.

Adsanders1977

Thanks ACG. I've spoken to a 2nd broker that could help but then my process stalls when they realise i'm not a UK tax payer. This seems to make all the difference.

ACG

Is the company you work for an international company?
What bad credit is it you have?

Adsanders1977

ACG, Yes I work for a company in the middle east


I have defaults on my file. my credit rating is so low at 361. I've only been able to get back on track this last 2 yrs.