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Mortgage with defaults
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steph2901
Posts: 346 Forumite
Hi everyone,
I'm after a bit of advice.
I'm hoping to get a mortgage in the next couple of months with my husband. I have no defaults or bad credit, no loans or HP and have quite a large deposit (approximately 30% of the house prices I'm looking at, from the sale of my previous house). My husband has 3 defaults (2 of which are unsettled). Two of the defaults are from November 2013 and the settled one is from November 2015.
Would we be able to get Help To Buy as some of the houses we like are new ones? Are there lenders out there who will lend to us? We are currently renting, but now his house has sold subject to contract so we'd like to buy something together.
Our joint income is £32,000
Thanks
I'm after a bit of advice.
I'm hoping to get a mortgage in the next couple of months with my husband. I have no defaults or bad credit, no loans or HP and have quite a large deposit (approximately 30% of the house prices I'm looking at, from the sale of my previous house). My husband has 3 defaults (2 of which are unsettled). Two of the defaults are from November 2013 and the settled one is from November 2015.
Would we be able to get Help To Buy as some of the houses we like are new ones? Are there lenders out there who will lend to us? We are currently renting, but now his house has sold subject to contract so we'd like to buy something together.
Our joint income is £32,000
Thanks
0
Comments
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Yes you will, to a purchase budget of no more than £200,000.
Engage a good Broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Why do you want to use Help to buy if you have a 30% deposit?
You should have options to buy somewhere.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 -
Hi thanks for replying, I wanted to use the Help To Buy to keep the mortgage payments lower. We are looking at getting a house for approximately £120,000 for an older house, but a new build would be about £150,000
Not sure whether we want a new house yet, but at the moment there's not a lot for sale where we live apart from a lot of new builds.0
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