95% mortgage app with 2 defaults - please help!!

lottyw4

Thinking of applying for a 95% htb mortgage with Halifax, likely we will use broker.


I have a clean credit history no late payments and settled closed accounts, no defaults ccjs etc.


Unfortunately my husband has 2 defaults, one from 2010 for £75 (phone bill, paid in full and satisfied) the second one is from 2009 for £650 for overdraft (also paid in full and satisfied).


Has run his current account clean from then on.


Both on electoral roll.


Do we stand a chance in being accepted?


Has any one dealt with clients in our position r gone through an application with similar circumstances.


Many thanks

ACG

I think this is more a case of who will accept you rather than you choosing who you want (I have no idea to word that in a nicer way - I dont mean it to be rude).

There will be lenders but whether halifax is one of them im not sure.

H4ppy83

We were in similar situation, husband had clean credit I had 2 defaults, mobile phone bills, both settled that went back about 5.5 years at the time and 10% deposit we were rejected by 2 companies, had to wait until 6 years from default, so off credit history, and needed 15% deposit in order to be accepted! and this was just prior to the stricter rules that came in at end of April.

Mortgage_Mark_2

I would bet my bottom dollar that Halifax will say no.

I'm fairly sure there will be other options though - get your credit reports in front of a broker.