Bad Credit - Need a mortgage

cbuk2003

Me and my girlfriend are looking for a morthgae but have been turned down by a few - Yorkshire BS ect . .

i earn 26k, she earns 15k - we are looking for around 120k and have around 6k deposit

Unfortunatley I have had missed payments on credit cards, loans ect and my credit history is poor. I have 2 loans totalling to 14k and my repayments are £300 per month. My missus has good credit history with no loans ect.

After my loans paymet I have approx 1200 left so I can afford a mortgage repayment

Please can anyone advise on who may lend to us? with a good rate (if poss)


thanks

Spudwud

Due to the current sub prime market (which you'll fall in to due to your credit history). There is very little chance of you getting a 95% LTV mortgage. Unfortunately there is no way she could get a mortgage on her own given her current income.

I would suggest raising a larger deposit and trying to make inroads in to improving your current credit