Help with subprime rate

ACG

Neither of those are the lenders I had in mind. However you need to be careful about doing too many checks. A couple should be fine in the main, its one you start getting beyond say 3 in quick succession.

chrislee2810

Halifax only do a soft search so they do not concern me, are you allowed to recommend anyone ACG?

ACG

Im not, sorry. I only have limited information, so the lenders I am thinking might have been disregarded by your current broker for something not mentioned on here.

Halifax is a soft footprint at DIP stage, at application it is a full credit check.

amnblog

No defaults in 4 or 5 years is not an indication that the credit file is in shape today.

For 10% deposit you will need a good recent history - lenders like Aldermore do not worry so much about that and therefore expect you to pay for it.

A bigger deposit (15%) may give you High Street options which it sounds like the broker has already explored at 10% deposit.

Your Broker has tried to place you on the High Street and has found you an alternate option when unable to do so - an affordable one at £100,000 household income for £180,000 lending.

There is a possibility your broker has missed an option, but not a strong one. Expect to pay the rate, wait until the credit clears, or increase your deposit.

chrislee2810

Ok, I have also received a DIP from halifax but as others have suggested this is not worth a great deal plus they want a 35% deposit. I have decided to go with aldermore on a 2 year fixed and then will remortgage once the issues have dropped off my file.

ACG

Aldermore have reduced their rates on 90% and 95% products, so that should tie in nicely for you