We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
late payments
Jambo5
Posts: 223 Forumite
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!!
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!!
0
Comments
-
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 AdviserYou 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.0
-
It was for car finance which i settled in full once I was in work0
-
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 AdviserYou 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.0 -
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.0 -
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 AdviserYou 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.0 -
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.0 -
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.0 -
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.0 -
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??0 -
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,:(0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards