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mortgage with bad credit ?
skorpio555
Posts: 18 Forumite
i messed up 3 yrs ago. since i will start work soon in london with good pay i plan on getting mortgage in the next 2 years.
so, if i put deposit of say 100k down on a £160.000 mortgage would any company borrow me the extra £60.000 over say 10 years.
surely any company would know if i was willing to place 100k deposit then im hardly likely to default or i would lose the lot
so, if i put deposit of say 100k down on a £160.000 mortgage would any company borrow me the extra £60.000 over say 10 years.
surely any company would know if i was willing to place 100k deposit then im hardly likely to default or i would lose the lot
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Comments
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Do haven!!!8217;t defined what messed up means but in 90% of cases with that level of deposit there will be options via a Mortgage 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 -
That level of deposit, 5 years down the line (when you come to make an application) if you can not get high street rates I would be surprised.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
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skorpio555 wrote: »
so, if i put deposit of say 100k down on a £160.000 mortgage would any company borrow me the extra £60.000 over say 10 years.
You borrow, the company lends!0 -
I don’t think the op has 100k deposit. If so I hope there a legitimate trace for it.
I guess this was a good read
https://forums.moneysavingexpert.com/discussion/comment/71448378#Comment_714483780 -
I don’t think the op has 100k deposit. If so I hope there a legitimate trace for it.
I guess this was a good read
https://forums.moneysavingexpert.com/discussion/comment/71448378#Comment_71448378
Always a good idea to look at poster previous post which generally gives a good insight into who is trolling.. Thanks for the heads up..:)0
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