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Morgate this year bad debt
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Posts: 76 Forumite
once i paid off all my debt and CCJ which i will do in this week,
How can i get a buy to let mortgage?, I want one this year
How can i get a buy to let mortgage?, I want one this year
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Comments
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Are you already a homeowner?
How much are the properties you're going to be looking at? You will need a deposit of about 20-25%.0 -
No I am not a homeowner
Heres a list of debts
All debts are between 4-6 years since default
CCJ - legal recoveries: £1968.85
Direct legal and collections (Lloyds TSB) £395.62
Lowell (Vodafone) £329.47
Lucas (Lloyds TSB) £1305
Robinson way (HSBC) £1824
Sandtender (732)
Total
£6554.0 -
Probably not, but worth giving a broker a chance to review your situation.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I wouldn't expect lenders to suddenly wish to lend you thousands of pounds just because you've cleared old debts. You'll need to demonstrate an ability to manage your money better for an extended period of time.0
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Thrugelmir wrote: »I wouldn't expect lenders to suddenly wish to lend you thousands of pounds just because you've cleared old debts. You'll need to demonstrate an ability to manage your money better for an extended period of time.
How long would that extend period of time be?
looks like i will just go for partial don't think full and final will make a difference0 -
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It's not important then?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I'll save you some cash then bluebat.
You've got no chance, not now, not for the foreseeable either.0 -
I don't want your case, but our £249 is worth every penny, then some.Is a broker even worth it, with the amount of interest they cahrge
You won't pay anything until a broker knows they have got a lender for you.
Find an independent broker, or carry on asking people on here how long your piece of string is.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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