Can i get a mortgage?

james134uk

im self employed (limited company)

my income is £65000 p/a (salary and dividends)

i have 1 year income accounts with a certified Accountant

i have a £70,000 deposit

and i looking to borrow around £180,000

property value around £250,000


my credit history is good apart from 2 defaults below


Virgin Media

Default date: 14/05/2011

Default balance: £181.00

Paid Up To date on (03/03/2014)



Lowel Porfolio

Default date: 22/01/2013

Default balance: £2,130.00

Paid up to date on (04/02/2015)



ive been told my pro's are

*My deposit is high
*My income is high
*My LTV is good

My bad points are

*Only 1 years accounts
*Although my 2 defaults are from many years ago they were only paid upto date in the last year



could you please advice me on if it is possible to get a mortgage or maybe the option to borrow a little less than the above

thanks in advance

James

Thrugelmir

james134uk wrote: »

Lowel Porfolio

Default date: 22/01/2013

Default balance: £2,130.00

Paid up to date on (04/02/2015)

2 years to repay a debt and 5 weeks later you wish to apply for a mortgage. Doesn't look good when looking from a lenders perspective. Which is what counts.

james134uk

ye i get what your saying but for 8 months that account above was locked due to a system error but yes still took over a year to settle

GMS

Speak to a broker. There should be a lender for this