Precise Mortgage ,15% now they want 20%

obay

Settle your defaults and then apply?

This should be the reason why they asked for 5% more no ? They are worried that you'd not pay for the mortgage. So they require you to put more risk down.

csgohan4

OP you made the mistake of getting a conveyor belt Mortgage Broker L+C, they do not do adverse credit well and you will be in the bottom pile. They like volume and easy cases to make money, hence why they are free.






The second mistake are your defaults and not settling them, you will be seen as high risk to lenders understandably.


Did L+C ask for all 3 credit files for you, if not that is poor form from them again.

getmore4less

TRy posting the details of your proposal

people can then estimate if it is
a. no hope you just can't afford it should never have bothered
a. affordable just but basket case credit, no hope, here is what you need to do to fix it
c. affordable very bad credit but a good broker should be able to find something.
d. affordable bad credit 1/2 decent broker should be able to find something
e. Tried that and no going well

csgohan4 wrote: »

more info needed,

salaries, house price your buying, negative credit history e.t.c???

Was there a negative housing survey?

I would add any other debts, what defaults are there, how fast are you paying of the debts or increasing the deposit.


and most important how much do you think you can afford each months without getting into trouble.

fresa

Well this broker call us saying that they want this 20% then the following day we behind ask to send more papers and my payslips...am not in the mortgage application....dont understand nothing I fell soooooooo confuse why are they coming now asking for this? we told them that we just have 15% ...it means they will help us ?