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Some advice please
lisaf
Posts: 273 Forumite
Hi All,
Just needed some advice if poss? My sister (26) and her bf are looking to buy their 1st house £185k).
Her bf has squeaky clean credit rating but my sister has 2 defaults totalling about £1600 with Santander and natwest.
She earns £29k and him a bit less.
They have just had a meeting with a financial advisor and he's basically said they have no chance unless they can put down £46k?? Or if she can convince the 2 banks to take off defaults?
She is willing to pay off the defaults (although they are both made up of bank charges).
Surely there must be another way? She is gutted.
Would really appreciate your advice.
Lisa
Just needed some advice if poss? My sister (26) and her bf are looking to buy their 1st house £185k).
Her bf has squeaky clean credit rating but my sister has 2 defaults totalling about £1600 with Santander and natwest.
She earns £29k and him a bit less.
They have just had a meeting with a financial advisor and he's basically said they have no chance unless they can put down £46k?? Or if she can convince the 2 banks to take off defaults?
She is willing to pay off the defaults (although they are both made up of bank charges).
Surely there must be another way? She is gutted.
Would really appreciate your advice.
Lisa
0
Comments
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Not really. She needs to pay them off. Or wait 6 years. Maybe both.
What's they're deposit currently?0 -
Thanks Guest - they have a 10pc deposit atm0
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So 18.5k?
We'll knock off the default, solicitors fees, stamp duty, moving costs. They have 13k now.
How old are the defaults.? If less then 3 years I'd say not a chance, but a broker might say different.
Oh ps any other significant debt? Ie over 3k?0 -
No other debt and unfortunately the defaults were only registered within the last 2years:(0
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Rent and save. Better long term really anyway0
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