Have a DMP and a FTB

csgohan4

tessiesmummy wrote: »

where did you find the adverse broker? all the brokers on here are less than helpful to say the least!

Laurascott wrote: »

Do you know the name of the lender

They are bound by regulations and unable to name lenders, they are perceived as unhelpful because they don't have your full individual information and as such are unable to offer definitive advice.


I think they are being more than helpful, seeing as they don't get paid on here.

csgohan4

Laurascott wrote: »

Hi!!
Looking for advice. I entered into a Debt management plan in 2013 with 3 debts. Two of the debts are fine on my credit report. However the other is showing in default as I am not making the original contractual agreement, even thou they agreed to take a reduced amount from me and I have never failed to make a payment. Me and my boyfriend are looking at a new build apartment with a 5% deposit and a 20% help to buy equity loan . A really uninterested mortgage advisor said I will never get a mortgage. I was wondering if anyone has had a similar experience and could help. Many thanks

Even with debts and debt management plan you are failing to do what your supposed to do. Hence lenders will look at this and put you in the high risk category and likely not be able to offer you a mortgage.


Your supposed to make payments and you will get no reward for that, anything else/explanation/excuses the lender is not interested as on your credit fie you have a poor credit history




I would suggest you sort your debts out first as getting a mortgage is a large responsibility.


If you really want to take your chances, consider getting a broker who deals in adverse credit, they won't come cheap though. You can try the free brokers, but you get what you pay for

DCFC79

Are you in a rush to move ?

If not sort the 1 debt out your not paying what you should, get a second job to just pay the agreed amount or to pay the debt off.

You say the other 2 debts are fine on your report, do you mean they are settled/paid off ?

Pixie5740

What was wrong with the advice you received yesterday?

silvercar

I've now merged the two threads that were posted.

csgohan4

Guess another OP wanting to hear what they want rather than the reality.

silvercar

csgohan4 wrote: »

Guess another OP wanting to hear what they want rather than the reality.

Or just a new user getting to grips with the forum.

Better to be nice to new posters (in particular) and assume an innocent explanation.

Laurascott

I am new to this.
I expected people to be nicer. Will not use again.
I am willing to accept reality thank you

kingstreet

This is the internet.

Rough and tumble. Pixels on a screen and all that...?!?

You need to sift through the replies you get, ignore the ones you feel are unhelpful and absorb the ones you feel assist.

feekerry

It’s definitely possible. We had 15% deposit and was a remortgage rather than a new purchase but we got less than 3% as a rate. Have a search for adverse brokers