Will this go in my favour?

midlander81

Hi All,


I will be applying for a mortgage in 18 months. I will still have late payments present on my credit file although they will be 2.5 years old by this point. Only '1' markers and no defaults or CCJ's.


I know that these late payments WILL be an issue but will the fact that I am only looking 60-65%LTV help me to secure a reasonable deal? I really don't want to go down the sub prime route if possible.


There have been and will be no more late payments since the ones that I have already mentioned.

Thrugelmir

midlander81 wrote: »

I know that these late payments WILL be an issue but will the fact that I am only looking 60-65%LTV help me to secure a reasonable deal?

LTV is only part of the equation when lenders process your application. In principle the lower the LTV the better the interest rate that a lender will offer.

amnblog

All rates are reasonable in the current market.

Will you have your pick of rates? No

Will you get something sensible? If everything else stacks - yes