late payments

Ok forget my other posts.

Whats chances of getting a high street lender mortgage with up to 5 late payments over 5 years ago?

The rest of report since then ....all green light.

No debts and in a secure job...Royal Engineers.

And before it suggested I know there are brokers that can help...I would like an answer for this question only.

happy new year!!
«1

Replies

  • ACGACG Forumite
    22.7K Posts
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Forumite
    Depends on the rest of the case but that should not be enough to stop it on its own. Unless its 5 late payments on your mortgage or secured lending -in which case it could be a different story.
    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.
  • Jambo5Jambo5 Forumite
    223 Posts
    It was for car finance which i settled in full once I was in work
  • ACGACG Forumite
    22.7K Posts
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Forumite
    As I said, there should be options.

    I do think it would be wise to use a broker and I understand that was not your original question but I dont think it will be for every lender. The lower the LTV the more options and better the chances of its being accepted.
    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.
  • Jambo5Jambo5 Forumite
    223 Posts
    I know btokers are the way forward.

    Do you know if they can get HTB schemes etc though. I think that's why I like the idea of a High St lender.
  • ACGACG Forumite
    22.7K Posts
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Forumite
    If its Help to buy 1 (the equity loan version for new builds) I think its only selected brokers - certainly not something I do.

    If its help to buy 2 (95% mortgage for new builds or non new builds) then yes brokers have access to that.
    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.
  • HTB is straightforward enough. As you are RE do you intend using Forces Help To Buy as well? If so lender choice is very very limited. I'm guessing if you are RE you're up in Kinloss? Where are you buying? What happens if you get posted? Are you going married unaccompanied?

    I'm a military specialist so these are the questions I'd be asking any potential clients.
    I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.
  • Jambo5Jambo5 Forumite
    223 Posts
    No I plan to go married un-accompanied and move my wife to England.

    Ok we have about 10k deposit....bit my wife has finance on her car ...but we are debt free apart from that. I was going to get a 3 grand loan from Army so we could pay off her car then use it to stump our deposit back up.

    I am in Kinloss...due posting in July. But the Army isnt a long term plan for me.
  • Jambo5 wrote: »
    No I plan to go married un-accompanied and move my wife to England.

    Ok we have about 10k deposit....bit my wife has finance on her car ...but we are debt free apart from that. I was going to get a 3 grand loan from Army so we could pay off her car then use it to stump our deposit back up.

    I am in Kinloss...due posting in July. But the Army isnt a long term plan for me.


    Army loan to pay off car? Not a chance...
    I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.
  • Jambo5Jambo5 Forumite
    223 Posts
    Ok......ok.

    The help to buy scheme from Army. I will get 3k from them and then pay 3k off the bloody car with my savings. ROGER??
  • Jhoney_2Jhoney_2 Forumite
    1.2K Posts
    That was uncalled for. That's how it was read and you received a polite comment in response - from a specialist.. free of charge.

    Wow,:(
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