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Help to buy Mortgage after defaults?
vicxzy
Posts: 273 Forumite
Hi guys,
Due to a set of unfortunate circumstances (redundancy whilst pregnant, serious ill health and an abusive ex) 5 & a half years ago I received a number of defaults ( 11 to be exact!)
I had to sell my house (I did not default or miss payments on my mortgage at all in 14 years)
I would love another house of my own and have been furiously saving a deposit for the last few years, I finally have a good job again and work full time.
Does anybody know if it's possible to get a help to buy mortgage with previous defaults? They are due to come off my credit file this year but I just don't feel like it will ever be possible even when they are off my file.
Thanks.
Due to a set of unfortunate circumstances (redundancy whilst pregnant, serious ill health and an abusive ex) 5 & a half years ago I received a number of defaults ( 11 to be exact!)
I had to sell my house (I did not default or miss payments on my mortgage at all in 14 years)
I would love another house of my own and have been furiously saving a deposit for the last few years, I finally have a good job again and work full time.
Does anybody know if it's possible to get a help to buy mortgage with previous defaults? They are due to come off my credit file this year but I just don't feel like it will ever be possible even when they are off my file.
Thanks.
0
Comments
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Presumably you mean HTB Equity Loan on a newbuild?
Yes, you will have options.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 -
That's a lot of defaults!!
I don't think it will be an issue once they are all off your file if you get a decent broker.0 -
I know! 2 are already gone now 9 left which should be gone within the next few months.
Yes sorry a help to buy equity loan is what I meant.
Thanks.0 -
If they'll all be gone in a few months you'd be mad not to wait unless its life or death!"You've been reading SOS when it's just your clock reading 5:05 "0
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sammyjammy wrote: »If they'll all be gone in a few months you'd be mad not to wait unless its life or death!
Thanks yes I plan to wait until they are gone 😊0 -
I was suggesting you have options now.
You'll have the whole market once your credit file is clean.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
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