Examples of mortgage offers with adverse credit?

ambc

amnblog wrote: »

20 minutes wasted

Heh. This whole episode has already wasted years of my life. I can handle an extra 20 minutes.

ambc

ACG wrote: »

If L&C cant place this then I would find another broker.
There is the potential for this to be placed at high street rates with a bit of effort I think.

Ok, that sounds promising, too.

Got a couple of questions about that though, because it's over 11 years since I last took out a mortgage, and I'm finding it a tad difficult to know where to begin.

So, how you'd go about finding a broker who could (or who has the skills) to put that effort in?

And are there specific benefits to using a local broker, or not? I'm perfectly happy working with someone remote (I do it day in, day out in my job!).

I've only ever previously used brokers that were attached to estate agents - but I also don't know if that's a good thing or not!

Thanks - appreciating the guidance here.

ACG

Its a difficult question to answer. Can friends/family recommend anyone?
Its funny, most complaints on here about brokers are from estate agent based brokers.

I would say if your speaking to a broker who asks for all 3 credit reports where adverse is concerned, thats usually a good sign. but like anything - builders, plumbers you tend to get a feel for people after having a chat with them I find.

ambc

ACG wrote: »

Its a difficult question to answer. Can friends/family recommend anyone?
Its funny, most complaints on here about brokers are from estate agent based brokers.

I would say if your speaking to a broker who asks for all 3 credit reports where adverse is concerned, thats usually a good sign. but like anything - builders, plumbers you tend to get a feel for people after having a chat with them I find.

Yep, getting a feel for people makes sense I guess. L&C asked for all three reports straightaway and I sent them directly after the call, so that's reassuring.

The only person I know who's bought a property recently is a mate who's hit it big worldwide over the last few years as a graffiti/street artist.

He paid cash for a £400k house about 500 yards away from where I live.

Cash! From Graffiti!

Bah, etc. :rotfl:

ambc

OK, so L&C have just come back to me and are confident in being able to place this with a high street lender.

Blimey.