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Mortgage with bad credit
WCL
Posts: 19 Forumite
post has been deleted
O/D -£550!! clear by Aug 2008
Halifax CC - £3200, paying £150 per month 0% interest! :T
Halifax CC - £3200, paying £150 per month 0% interest! :T
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There is only one way to find out - Find a fee free mortgage advisor and see what they can do for you. All lenders have different definitions of bad credit, and if you prove that all payments are up to date and that you can afford the mortgage, they should consider you, and forgive your past sins. Even in the non-prime market, Companies like SPML do some reasonable fixed rate deals, and by their definitions, I think that you would be near-prime.0
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How much are the defaults for. It is possible to get a high street mortgage. Do you have a deposit?0
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Blue Sky Mortgages charge a typical fee of £1450 for nothing more than any fees free true whole of market broker can offer you.
I would suggest using a local mortgage broker to arrange a face to face meeting and discuss your situation in depth to get the most suitable solution.
Do not pay any fees to the brokerage or firm, it is not necessary.0 -
Well Said Andrew I thought that post looked like spam0
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How do you find a fee free broker. Everyone I seem to speak to want's to outline the fees they will charge.0
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Friends, family or recommendation is usually the best way.0
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AndrewSmith wrote: »Friends, family or recommendation is usually the best way.
OK thanks. So there is no way any brokers advertise fee free?0 -
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OK thanks. So there is no way any brokers advertise fee free?
My situation, which can be echoed by other advisers onthe board, is that I am able to be fee free on the basis of the clients I already have who come back to me regularly and the referrals I regularly get from those clients.
On that basis many fee free advisers do not need to advertise, and can keep running costs to a minimum in order to justify not charging a fee
Edit - Should have quoted Fred's postI 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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