95% mortgage now only 90%

illbesolucky

Hi all
Just wondered if you could help me?
We got offered a 95% mortgage but was withdrawl so only offered us a 90% mortgage, so decided no to go ahead, but now have a got a good deal else well but still only 90% i know we are Near prime, just wondered if there was any companys out there that still do the 95% mortgage for the near prime people.

any advice would be great.

Balls_Of_Steel

illbesolucky wrote: »

Hi all
Just wondered if you could help me?
We got offered a 95% mortgage but was withdrawl so only offered us a 90% mortgage, so decided no to go ahead, but now have a got a good deal else well but still only 90% i know we are Near prime, just wondered if there was any companys out there that still do the 95% mortgage for the near prime people.

any advice would be great.

Near-prime? They will rob you, offer ~7%, then up it to 11+% :eek: Think what you are letting yourself in for

Dan_Collins_2

Advantage may help but many have pulled out. If you fix it they wont change it to 11% will they! Think of how long it will take to become a high street client again and fix it for that long if pos. See it a credit repair program. Also KMC may help! A whole of market non fee charge broker is what you need. Find a local one as you need to sit in front of them for this one! Get a cresit report done ready also!

herbiesjp

How do you know you are Near prime? You may have been near prime with that particular lender but all lenders have diffrent names for their sub prime deals, and different criteria - so you could end up with a better deal elsewhere

What is it on your credit file that has made you near prime with that lender? Defaults? CCJs?

illbesolucky

We have a credit report.
Myself have 1 ccj total of £200
that is six years old and
huuby has the same, and have defaults about 5 years old

herbiesjp

Well on that basis, some lenders will indeed be happy to class you as prime clients.

Have they all been satisfied?

toonfish

illbesolucky wrote: »

We have a credit report.
Myself have 1 ccj total of £200
that is six years old and
huuby has the same, and have defaults about 5 years old

several high street prime lenders may look at this, as long as the incomes etc stack up - don't get forced down the "adverse" route unless you have explored all the alternatives first

illbesolucky

The 2 CCJ have not been satified as did not know we had them till will got report. they is still around £3,000 in defaults unstatified

herbiesjp

illbesolucky wrote: »

The 2 CCJ have not been satified as did not know we had them till will got report. they is still around £3,000 in defaults unstatified

On that basis I would have a word with a fee free adviser to see what they can find for you.

What deal were you offered?

illbesolucky

fixed 10 year 6.24%
90%

herbiesjp

Which lender was that? Did you specifically want a 10 year fix?

Also difficult to say, without knowing the purchase price, what you gross salaries are, and if yuo have any other debts in the background