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Will we get a 90% mortgage?

saving2704
saving2704 Posts: 51 Forumite
in Mortgages & endowments
Can someone give me some advice please?

We are looking at buying a property & are worried about whether we'll be approved

My salary is £30,000 and my credit rating is tiptop
My fella's salary is approx £25,000 but he has 6 settled defaults (only settled this year)

I know we'd never get a 95% mortgage with this credit history, but is it likely any lenders would consider us for a 90%?

We only want to borrow around £135,000

Thanks

Comments

  • amnblog
    amnblog Posts: 12,784 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Depends on how old the defaults are and the result of the credit file.

    Consult a mortgage broker.
    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.
  • ACG
    ACG Posts: 24,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    If the defaults are a few years old, you may get a 95% mortgage.
    I am a Mortgage Adviser
    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.
  • saving2704
    saving2704 Posts: 51 Forumite
    The defaults are a few years old but only settled this year you see
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How has your credit been conducted since the defaults? Any arrears?
    I am a Mortgage Adviser
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    saving2704 wrote: »
    The defaults are a few years old but only settled this year you see

    How much were the defaults for?
This discussion has been closed.
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