New Mortgage with missed Mortgage payments

Jellyfish9

Hi

I'm looking to get a new mortgage in next 6 months or so. Anyone know of any lenders that will accept me with missed mortgage payments? They were 2 years ago while I was unemployed for 2 months. I caught up and have no arrears.

At the same time I did missed some credit card payments but its been 2 years since any missed payment.

Currently everything is up to date and payed on time. I have no CCJ's or defaults.

Regards

Richey_

Rather than asking amateurs who will just give you unqualified opinions, why not ask a bank mortgage advisor or broker. Be honest and upfront and get specific and tailored advice to your situation. May be worth taking a copy of your credit reports from Noddle, MSE credit club and ClearScore and see how t goes.

All you get on here is either put downs or generic advice. An adviser or broker will be ableto advise you specifically with the facts in front of them. I suspect you will be okay in my opinion but you will need professional assistance.

ACG

Who is your current lender? Have you checked what they will offer you?
Failing that, I do not think there will be many high street options, I can only think of 2 potential off the top of my head. If you are at 90% LTV then you may struggle, below 85% and you stand a better chance.

But I agree with the above, get your credit reports and speak to a broker. They will take a look at everything and make a recommendation.

Richey_

In March this year you said you had £22,000 debt and a 95% credit limit utilisation.
You also said you had £21,000 equity in your house.

Is this still the case or has the situation changed?
Also does your wife also have debts or is the 22k your joint debt?

Jellyfish9

Wife no debts, my utilisation now is around 35%
Equity maybe around £25 - £30k now, after looking at sales in my area of same properties in last few months.

I'm looking for 90% LTV.

Jellyfish9

Can anyone recommend a good unbiased broker then? Ones in the past have steered me towards lender they prefer and no necessarily better for me.

Thrugelmir

Jellyfish9 wrote: »

Ones in the past have steered me towards lender they prefer and no necessarily better for me.

They are steering you to what's available. Your circumstances dictate the options available.

With a high LTV and debt levels. The inherent risk is at the first sign of financial distress. You'll be back in financial trouble again. Administering deliquent accounts is an expensive overhead for lenders to cover. Rates on offer therefore reflect the risk and potential cost to lenders. .

Debtslayer

Whats your current lender offering?
Might be best to stick with them for a while and clear your debts, time will heal past bad credit / missed payments

Jellyfish9

I'm talking about when I had a perfect credit rating.

Jellyfish9

My current lender is Kensington, they are a bunch of clowns who took 3 members of staff to tell me their standard rate. It was as if I asked them to give me a solution to troubles in Libya. I would not stay with them. But current rate is 3.49% variable.

Thrugelmir

Jellyfish9 wrote: »

I'm talking about when I had a perfect credit rating.

Lenders have different internal scoring policies. What the CRA's publish for consumers to see has no bearing.