Help with HTB FTB after self DMP

jonnym8083

Ok so apologies for the long post and thank you for being patient here with me.
The history is end of 2015- start of 2016 I split with partner some financial issues which resulted in me taking out payday loans. I took a few out and once I started that I was then needing more and to roll over and borrow from different companies until it went into a self managed debt management plan a a few months later in 2016.
I submitted irresponsible lending complaints in Feb 2018 where nearly all companies refunded interest and removed bad markers against my credit. Happy days!!
However there were 3 lenders that did not uphold my complaint as I just had 1 off loan with them that all went into debt management I arranged myself.
All these were paid off in nov 2018.
They appear on my credit file as the following
Satsuma loans initially defaulted in August 2016 but after my complaint they said as a good will gesture they would remove default but have since replaced all months from Feb 16-November 18 with a late payment marker. Wondered if in the interest of a mortgage this is actually more damaging as if it was a default it would be over 3 years old now instead I’m left with a long list of late payments last one 10 months ago when settled.
My jar loans and uncle buck show on my credit file as green but have AP next to them indicating an arrangement plan.
We are looking to do help to buy with 5% of our money 20% equity loan and 75% mortgage.
Would this be seen favourable by lender as it as if we are putting a 25% deposit down or would like treat it as a 5% which is what we are contributing?
Income from me in 57k and my partner 24k. We are looking at property of £288k with mortgage of £216k.
Affordability isn’t our issue I’m concerned how my credit file shows with these 3 recent payday loans, late payments and self debt management plan
Based on my circumstances over leaving dmp nearly 12 months ago. No issues in meantime. I have since got a credit card builder to pay off in full each month to build credit.
Any advise or help with be gratefully received

csgohan4

Consider getting a broker to match you to a lender with your history

haras_nosirrah

Once your payday loans and dmp are over 12 months old some options start opening up but without seeing credit files it is too difficult to speculate

jonnym8083

Do you think it’s worth asking satsuma loans to go back to applying the default as this would then be 3 years old or stuck with the late payments? Literally against every single month there is a red marker with number 3 in it.

jonnym8083

Also with history of self managed dmp I have no step change etc so I need to provide bank details back when I was on dmp or would it still be just standard 3 months?

haras_nosirrah

I think before you do anything get a credit report to a broker. Part of our job is to have a look and see what is possible. It is going to depend on how things are recorded and without seeing the file it would be impossible to give decent advice

amnblog

Sounds possible but very limited options.

You need a Broker experienced in the Help to buy bad credit market who will be able to tell you quickly what can be done.

You will find one simply enough with an online search.

jonnym8083

Yes I’m just looking for ways to tidy up my file and wonder if it’s worth having the default back on there instead of all these late payments?

haras_nosirrah

Only way to know is to get your credit report to a broker.

Do this before taking action as you don't want to do something that messes up your chances.

jonnym8083

I did send it across for Experian but only the satsuma loan shows on that. Are there lenders that just use say Experian or not as only credit karma which I believe is Transunion shows the other 2 payday loans that were in an arrangement.
Thanks again everyone

haras_nosirrah

We use a credit report which shows all 3 credit agencies.

Some lenders favour one agency over another but the best bet is to make sure you fit policy based on all credit reports so you don't later come unstuck