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Mortgage advice with previous defaults
Hannahlove
Posts: 1 Newbie
We are in a tricky situation and need advice.
We have a large amount of debt 8/9 years ago and joined a debt management plan. The first company we went with was very poor and we defaulted, we then went with step change ( the government recommended one). We cleared over half of it in 7/6 years and then recently we inherited some money. We have clear our debts in a full settlement.
We now have a deposit for a house of 45k.
We saw a house on a new development they gave us a card for a mortgage adviser and we went through the application. We just found out that he has said he can't help us and can't find a mortgage. That was it!!
Where do we go from here?
We have a large amount of debt 8/9 years ago and joined a debt management plan. The first company we went with was very poor and we defaulted, we then went with step change ( the government recommended one). We cleared over half of it in 7/6 years and then recently we inherited some money. We have clear our debts in a full settlement.
We now have a deposit for a house of 45k.
We saw a house on a new development they gave us a card for a mortgage adviser and we went through the application. We just found out that he has said he can't help us and can't find a mortgage. That was it!!
Where do we go from here?
0
Comments
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Speak to a broker that deals with adverse credit mortgage applications. Unfortunately settling your debts and having a deposit doesn't magically wipe away your poor credit history.0
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Find another broker. I would be surprised if the adverse can not be overcome.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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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Just been approved for mortgage despite having a ccj and default on file. Mine settled but they are both over five years old. Get copies of all your files £2 each so you know where you are. Find a whole of market broker. Worth the cost as got mortgage at decent rate even with past problems. There is a way forward for you0
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