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Adverse Credit
Nosshhh
Posts: 2 Newbie
Hi All, I am new to this.
Is there any brokers out there that will specialise in finding me a mortgage with adverse credit.
Background info - 55LTV
Applied to Halifax and Natiowide direct to be turned down.
Had 3 missed payments on current mortgage in Jul, Aug, Sept 2015 - as soon as I realised paid all upto date October 2015 but these are marked on my credit file. Reason for this was I had a baby in July 2015 and my partner left us both.
Experian score is 997 and excellent -
One default from 2011 of 550 from a old current account that is settled and will fall off my file end of the year.
Equifax Score 399 at fair
If anyone has had a similar situation can you let me know if any high street bank accepted you.
If any brokers feel they can help please contact me as I am in a position that I need to arrange a mortgage within 2 weeks or I will lose my dream house!
Thank you
Is there any brokers out there that will specialise in finding me a mortgage with adverse credit.
Background info - 55LTV
Applied to Halifax and Natiowide direct to be turned down.
Had 3 missed payments on current mortgage in Jul, Aug, Sept 2015 - as soon as I realised paid all upto date October 2015 but these are marked on my credit file. Reason for this was I had a baby in July 2015 and my partner left us both.
Experian score is 997 and excellent -
One default from 2011 of 550 from a old current account that is settled and will fall off my file end of the year.
Equifax Score 399 at fair
If anyone has had a similar situation can you let me know if any high street bank accepted you.
If any brokers feel they can help please contact me as I am in a position that I need to arrange a mortgage within 2 weeks or I will lose my dream house!
Thank you
0
Comments
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There is only maybe one high street lender I can think of who may accept you but it is 50/50. I think you may need to accept that if you do want a Mortgage, you may have to pay slightly higher rates (around 3.5-4.5%) for 2 years before getting back on the high street.
But it is definitely one for a broker I think.I am a Mortgage AdviserYou 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.0 -
Yup, contact local brokers. If you had spoken to the lender to ask for a payment holiday it may of worked out better for you.
Best of luck with your dream.0 -
Are you a broker and able to help?0
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Speak to a broker that is a specialist on adverse credit. From what I know missed mortgage payments are frowned upon.:jFinally going to be a homeowner:T0
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