100% Mortgage needed asap!! Please help!

darcy2009

The internet is smarter than that, once put on you can remove edit do whatever you want, its still there printed deep and will always be on the system, simple stuff, so take it down, its always there on the system still and this isnt far from 2500 views now.

darcy2009

Landofwood wrote: »

Start with noddle.co.uk

It's free and you should get immediate access.

Any missed payments, defaults, CCJs?

Trying to help.

Thank You, I shall have a look tonight.
Regards.

Landofwood

darcy2009 wrote: »

Thank You, I shall have a look tonight.
Regards.

We can help you to interpret the report if you have any questions.

darcy2009

My wifes credit file is great no defaults, missed payments or anything, 28K a year, I was made redundant a about 6 years ago, that caused me to miss my abbey loan payments, about 2 before I was passed on to Wescott, I had to pay them the rest of which took much longer, Santander took the debt back when I had £200 left to pay, Paid that off just over a month ago so its cleared but hasnt shown up cleared on my credit file yet, so I sent a letter off to experian this for them to correct this, Im self employed for the 3 years from starting up my own business and currently on a very wage which is increasing each year as my business grows, so my default started in jan 2011.

darcy2009

Sorry I meant my wifes credit file has no defaults and is clean, I have the default.

Landofwood

darcy2009 wrote: »

My wifes credit file is great no defaults, missed payments or anything, 28K a year, I was made redundant a about 6 years ago, that caused me to miss my abbey loan payments, about 2 before I was passed on to Wescott, I had to pay them the rest of which took much longer, Santander took the debt back when I had £200 left to pay, Paid that off just over a month ago so its cleared but hasnt shown up cleared on my credit file yet, so I sent a letter off to experian this for them to correct this, Im self employed for the 3 years from starting up my own business and currently on a very wage which is increasing each year as my business grows, so my default started in jan 2011.

So you have no deposit, a default on your credit file and varied income.

There is no way you are getting this house. No way, no how, not gonna happen. I am sorry, but you need to knuckle down, save a deposit and rebuild your credit file. This is the truth.

csgohan4

Before you ask, you can't just have your wife be the sole applicant, since you have an interest in the property too, your wife probably won't have a high enough salary anyways.

Landofwood

csgohan4 wrote: »

Before you ask, you can't just have your wife be the sole applicant, since you have an interest in the property too.

It's possible depending on lender, but affordability is still very tight.

Might be worth speaking to a broker to find a suitable lender for your wife to take out the mortgage, assuming she has no debt, amongst other considerations.

Edit: just remembered they have no deposit. This is getting silly.

csgohan4

Landofwood wrote: »

It's possible depending on lender, but affordability is still very tight.

Might be worth speaking to a broker to find a suitable lender for your wife to take out the mortgage, assuming she has no debt, amongst other considerations.

But the other variables being NO Deposit, it aint going to happen.


Either way the OP will get the rejection on Monday since he/she doesn't believe anyone here that 100% mortgages exist.


I would eat my hat if they get one, unless they miraculously get a big deposit somewhere.

Landofwood

csgohan4 wrote: »

But the other variables being NO Deposit, it aint going to happen.

Yes, for a second I forgot how ridiculous this situation is.