Will any high street banks lend to a first time buyer with late payments 3-4 years ago

Ksass

Hello everyone,

I’m a first time buyer, planning to buy alone. I have a salary of £33,136 and hope to buy a house worth £140,000. I will require a mortgage of £131,000. I’ve checked the three main credit reference agencies. Equifax shows 2 missed payments to a mail order company in 2015 and 2 missed payments in 2016. No issues since and have managed all other credit commitments without difficulty, I have no debts. Do you think a high street lender will give a mortgage with the missed payments issue of of 3 years ago? If so, has anyone had experience themselves and could tell me which of the high street banks gave them a mortgage. I’d really appreciate it.

ACG

Most of our business is adverse and about half of the adverse cases end up on the high street. Yours is definitely not adverse, you will have high street options I am sure.

csgohan4

as above engage a good broker, either locally, Mr Google or on here. but brokers are not allowed to contact you on here due to forum rules.


I got my broker on here and sailed through no problems, cost a few hundred but worth every penny, meant no stupid interviews or silly beans on toast scaremongering

Amst

If you limit yourself to high street lenders you will exclude yourself from some attractive rates and features but a broker will be able to tell you this as well if you want reassurance.

High street lenders have to factor in legacy costs and high street staff etc. into their margins...someone has to pay for that.

Ksass

Many thanks everyone for your responses. I appreciate it. If there are any qualified, on the financial services register, independent, whole of the market mortgage brokers on here that after reading this thinks they can help find me a suitable mortgage please contact me. Please also advise me of your fees. Many thanks.

Amst

Ksass wrote: »

Many thanks everyone for your responses. I appreciate it. If there are any qualified, on the financial services register, independent, whole of the market mortgage brokers on here that after reading this thinks they can help find me a suitable mortgage please contact me. Please also advise me of your fees. Many thanks.

I don't think the board rules allow them to approach you, even if you're inviting the contact. I would have a search online for fee free brokers, or alternatively just a google search in general will bring up nearby brokers and should highlight their fees.

amnblog

Posters can send an initial PM to Brokers on here, no problem.

Vice versa is a no-no.

Whether that will help depends on where you are and how you want to work.

For example ACG is in the North West so not ideal if you want face to face advice in London where Milla might be a good idea.

Kingstreet is too busy with New Build work to help so does not welcome approaches.

We deal Nationally but do everything online so can help but won’t offer face to face.

ACG

amnblog wrote: »

For example ACG is in the North West so not ideal if you want face to face advice in London where Milla might be a good idea.

I once drove to Worcester to meet a customer on a Saturday...
But to be honest, like you we work over the phone/email with most of our clients. We have customers from Eastbourne/Brighton (im not sure which is further south) up to Scotland.