late payments 31 December 2014 at 7:01PM in Mortgages & endowments 19 replies 1.4K views

Jambo5

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!!

ACG

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.

Jambo5

It was for car finance which i settled in full once I was in work

ACG

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.

Jambo5

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.

ACG

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.

stephenni1971

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.

Jambo5

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.

stephenni1971

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...

Jambo5

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_2

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,:(