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General Mortgage Question - bad credit, big deposit, no jobs

Thistle-down
Thistle-down Posts: 914 Forumite
500 Posts
edited 28 August 2016 at 8:13PM in Mortgages & endowments
Thank you, deleted due to TMPI but my question was answered.
:happylove

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    With no job how would you pay the mortgage?

    Perhaps break the matter up into baby steps.

    Sell the business.
    Clear your debts.
    Rent somewhere.
    Find jobs.
    Rejoin the property ladder again.
  • Thistle-down
    Thistle-down Posts: 914 Forumite
    500 Posts
    edited 28 August 2016 at 8:13PM
    Deleted due to too much personal info and nosey relatives. Thank you for the help!
    :happylove
  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You cant apply for a mortgage of £5k without an income.

    One of you could find a job, then use that as an income - but its worth sitting down with a broker to discuss what adverse you have. Some of the more adverse lenders will want you to have been with your employer for 12 months.
    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.
  • Thistle-down
    Thistle-down Posts: 914 Forumite
    500 Posts
    Thank you so much - that's just what we needed to know.
    :happylove
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