Adverse Credit History

CheeseCake1

Hi All,

Just wondering if any of you can give some reassurance/talk honestly to me. I tend to witter on but will write as much info as I can for you professionals!

So here's the story. I have bad credit from Nearly Six Years ago. Literally the end of this month will be 6 years. I did not think I would even be considered for a mortgage but my partner and I decided to go to an All of Marker Broker and see what they said.

Having explained my old and current situation with absolutely no lies or bending of the truth the Broker was honest and said chances are he could help and had a lender in mind - He didn't state which lender it was.

My partners credit history is impeccable. Not an issue.

Mine is as follows -

I have Seven Defaulted accounts from 2013. - 3 Of those are labled as Settled in my Credit Report - My financial situation then was as you can probably tell - Awful. I was young and made a large number of mistakes. All of which I regret but obvious that doesn't matter to a lender.

I had an IVA which was discharged at some point - this is NOT on any credit files anymore. I have no paperwork for this at all and cant remember who it was with. Nor can I find any record of it anywhere online.

Current Situation -

1 Credit Card used for Fuel every month - Literally got this a few months ago to try and get my credit rating up and show that Im now able to repay on time - I pay this off every month on time in full.

1 Car Insurance account - Was paid on time every month - No longer monthly but its on the credit file from last year.

1 Utility Bill - Water - Paid on time every time I get a bill.

I now have a full time permanent job It's secure etc and have been there just over 3 years . I believe they're working from last years pay which was about 26K. This year It will be about 30 with OT along with my partners pay - Also Full Time of 23K so combined of 49K

Broker took all of this and went to a lender. The lender has checked both our credit files and come back with accept lending decision upto approx 200K The Broker actually spoke with someone at the lender and explained everything that I've said above and they're happy with it and said it shouldn't be a problem.

Looking at my Credit Report it was searched by Accord Mortgages and looking at their lending criteria it does seem that we are eligible They also said they couldn't find anything at all regarding my IVA.. Does anyone have any experience of having somebody accepted with accord with a history such as above?

Their criteria states -

1 default registered within the last 36 months with a maximum value of £150 is acceptable. This is per APPLICATION and not per applicant.

As my defaults were not within the last 36 months does this mean they probably wont be taken into account?

Does anybody have any experience of having people accepted with the history I have noted above? As I said our broker seems happy with it all, as did the person he spoke to at the mortgage company. I cant help but still feel a little apprehensive!

ACG

They will be taken in to account, but beyond 3 years there are no limits.

I think you may need something to confirm the IVA was paid off, it might be worth just raising that point with the broker.

Aside from that, I would expect there ot be options. Everything is quite historic.