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Mortage availability with my credit rating??!..
drewc
Posts: 9 Forumite
Hi I'm wondering if any mortgage savvy forum members would be able to advise please?
I have a credit rating of 560 wich is classed as poor with experian I have 2 defaults due to expire in 2016 and a CCJ that is marked as paid but will no 'drop off' until March 2016.
What are the chances of me being accepted for a mortage and what sort of interest could I be looking at?
I have a permenant contract and a good salary so affordability isn't the issue (unless the monthly rate is extreme).
Many thanks!!!
I have a credit rating of 560 wich is classed as poor with experian I have 2 defaults due to expire in 2016 and a CCJ that is marked as paid but will no 'drop off' until March 2016.
What are the chances of me being accepted for a mortage and what sort of interest could I be looking at?
I have a permenant contract and a good salary so affordability isn't the issue (unless the monthly rate is extreme).
Many thanks!!!
0
Comments
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The rating stated by your credit reference agency is irrelevant to your changes of obtaining a mortgage.
With an adverse history such as you describe there may be options but those options depend on numerous factors, deposit being a key one.
The way to find out is to consult a broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
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