Mortgage after DMP

ferry

KirstyO wrote: »

I was pretty despondent when I started my search. I had gone to a 'bad credit' mortgage firm who quoted me a ridiculous mortgage and insisted I would need at least 20% deposit. This chap was brilliant from day 1. He admitted that the whole of the market would not be an option, but his clever tool showed me exactly what I might get accepted for. We ended up going for the cheapest mortgage, but fixing for 5 years instead of 3. It makes my payments for the next 5 years a bit higher, but at least I know exactly what my mortgage will be for a long time!

Kirsty, would you mind sending over details of who you used. I may find this useful.
Thank you

andyfromotley

I would definitely get a different mortgage broker.

Hop onto the mortgage board for advice from brokers on there.

Soph86_2

KirstyO wrote: »

just my own experience, cannot speak for others...I got accepted for a 95% LTV HTB mortgage from Natwest. DMP ended 2nd Jan 2015, Default is showing until May 2018. Living proof that it can be done! I went to a countrywide mortgage advisor (can be found in local estate agents) and he was brilliant. He charged me £349 for his services however as a young single female he took all of the stress out of the process. He found and applied for my mortgage with me, I used their conveyancing and legal services so he was able to instruct on my behalf, and set up my buildings and contents insurance... and all I had to do was read lots of paperwork and sign some of it. Completely hassle free and it gave my parents peace of mind that it was being done correctly. I also felt that at any point I could walk away and wouldn't be harassed for doing so. You'll find these people in branches listed on this website


https://www.countrywide.co.uk/about/high-street-brands/


PS - I don't work for countrywide, I just had a really good experience with this chap and the service I bought. I have had bad experiences with other branches of countrywide in the past!

Thanks for the advice, I'll give them a go! How much did you have to tell them about your DMP in the application? Or were they just happy that you've paid everything off? My DMP was quite a lot of money!

KirstyO

Soph86 wrote: »

Thanks for the advice, I'll give them a go! How much did you have to tell them about your DMP in the application? Or were they just happy that you've paid everything off? My DMP was quite a lot of money!

I didn't really have to give them details, apart from declaring that I had a default still on my file (which they would have found out in the credit check anyway). I offered the information voluntarily as I thought it would be best to be transparent from the word go! It turns out that really it didn't make a difference as the credit file was trashed anyway - and that spoke for itself!