Feeling deflated

ACG

Personally I think there are lenders who will do it with a 10% deposit based on what you have said, but there may be something you have not mentioned that is causing a problem.

Thefutureisbright

There is absolutely nothing I've not mentioned!

Ive checked and triple check my credit report to ensure that everything has been disclosed, my broker has a copy of my credit report which is why I just can't understand it.

I'm just worried now that if we move onto another lender, that'd be 3 hard checks on my report making it even worse.

I just don't even know what to do or if there is anything we can do

Sheep

ACG knows what he/she is talking about. Have faith

ACG

When were the defaults registered?

Thefutureisbright

CCJ 11th July 2011 £450 - settled
EE 11th April 2011 £54 - settled
EE 11th November 2011 £54 - settled (both EE ones I have disputed to no avail 3 years ago)
Last missed payment was on a loan in 2012 which was then paid off in full

ACG

The only thing I can suggest is to find a new broker, I genuinely think this can be done at 90% based on what you have said.

Thefutureisbright

To be fair to her, she had been really good so far and gave us a lot of hope when we had our first decline, she was very surprised at TSB declining us too but what doesn't make me feel so confident in her was another of her suggestions to 'sit tight for a couple of years' until the credit record was clear. Surely it's in her best interest to find us via viable option?

ACG

It is in her interests, but if she cant manage it, it is better she says so rather than applying here there and everywhere in the hope one slips through.

She is doing the right thing by suggesting what she can do or holding fire.

Thefutureisbright

Would it come across as rude for me to tell her I was going to elsewhere? When I told the Halifax we were going to go to a broker, he said along the lines of 'oh they're just jobsworths who don't know what goes on in a bank' and because she's helped us to this point, I don't want her to think the same if we suggest going elsewhere! Not that I have any loyalties regarding this as I just need to get something sorted. As independent agents, do they not all look at the same companies? And what would make this something she couldn't manage as they advertise to deal with all sorts of situations?

ACG

Ouch! Sour grapes. There are certain lenders I would put money on knowing their systems, criteria and processes better than half of their employees, thats not being big headed but its a brokers job to be able to differentiate between lenders.

I cant really speak about someone I have not met, but if they get moody are you bothered? Life is too short to get upset over something you will forget about in a day or 2. I still get that buzz when my clients get their mortgage offer, if they find it by someone other than me I am still happy for them.

We do have a lot of the same companies yes, but sometimes people have different experiences. As I said on here when you said you had gone to TSB, they would not have been my first choice but your broker obviously has some good experiences with them and thought they would do it. Personally I tend to only really do first time buyers and adverse cases, I shy away from things like shared ownership or help to buy as I do not know those markets too well. I could do them, but its not a market that I know or am interested in so I turn that kind of business away. Its all about knowing your market in this industry, some brokers specialise, some brokers are jack of all trades.