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Will I get high street rates?
springtime81
Posts: 2 Newbie
Property value - £280000
deposit - £90000 ( from equity in current home)
Mortgage required - £190000
LTV - 68%
Debts - 1 car on HP @£179 per month. No other debts Never had a CCJ or default
but..
Multiple late payments from 2 years ago. The most recent being March 2014. Never more than 1 month late and all for unsecured debt ( never paid mortgage late). This was at a time when life was chaotic and disorganised!! I have not had a single late payment for 25 months and, with the exception of the car, I have cleared all credit card and unsecured debts.
What are my chances? I really don't want to go down the sub-prime route.
deposit - £90000 ( from equity in current home)
Mortgage required - £190000
LTV - 68%
Debts - 1 car on HP @£179 per month. No other debts Never had a CCJ or default
but..
Multiple late payments from 2 years ago. The most recent being March 2014. Never more than 1 month late and all for unsecured debt ( never paid mortgage late). This was at a time when life was chaotic and disorganised!! I have not had a single late payment for 25 months and, with the exception of the car, I have cleared all credit card and unsecured debts.
What are my chances? I really don't want to go down the sub-prime route.
0
Comments
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That is not a sub-prime case.
You will have high street options as long as your latest two years is spotless.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks. I should have almost 3 years clean file by the time we actually apply. Glad to hear that my past disorganization isn't going to cripple me for 6 years!0
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