"my" poor credit is stopping us getting a mortgage

MovingForwards

amnblog said:

Willing2Learn said:

MovingForwards said:

...Find an adverse credit mortgage broker, give him/her copies of both your credit files and see what s/he says.

A good broker is all about placing you with the right lender, it's not about doing half a job. A good broker phones the potential lenders, speaks with their dedicated contact and sees if there is anything that would cause a DIP application to be rejected before trying.

I got my adverse broker from here, as I wasnt happy with one I had spoken with, he has been worth every penny of his fee!

I agree.  The OP definitely needs a broker who specialises in adverse credit files.

@Sprigg
When you have a specialist broker, they will need to see your three credit files.  You can get your free Statutory reports from:

Experian - https://www.experian.co.uk/consumer/statutory-report.html
Equifax - https://www.equifax.co.uk/Products/credit/statutory-report.html
TransUnion - https://www.transunionstatreport.co.uk/  

Easier to use one site to get all three at once

https://www.creditkarma.co.uk/

Credit karma
MSE credit club
Clearscore

They are free and each of them represent one CRA, therefore for a full free overview you need of them.

If you want all three in the one place, well there is a very small fourth also included in it, use check my file. Free for the month (I think), then £14.99 per month.

[Deleted User]

amnblog said:

Willing2Learn said:

MovingForwards said:

...Find an adverse credit mortgage broker, give him/her copies of both your credit files and see what s/he says.

A good broker is all about placing you with the right lender, it's not about doing half a job. A good broker phones the potential lenders, speaks with their dedicated contact and sees if there is anything that would cause a DIP application to be rejected before trying.

I got my adverse broker from here, as I wasnt happy with one I had spoken with, he has been worth every penny of his fee!

I agree.  The OP definitely needs a broker who specialises in adverse credit files.

@Sprigg
When you have a specialist broker, they will need to see your three credit files.  You can get your free Statutory reports from:

Experian - https://www.experian.co.uk/consumer/statutory-report.html
Equifax - https://www.equifax.co.uk/Products/credit/statutory-report.html
TransUnion - https://www.transunionstatreport.co.uk/  

Easier to use one site to get all three at once

https://www.creditkarma.co.uk/

I thought Credit Karma only showed your TransUnion credit file?

MovingForwards

Lover_of_Lycra said:

amnblog said:

Willing2Learn said:

MovingForwards said:

...Find an adverse credit mortgage broker, give him/her copies of both your credit files and see what s/he says.

A good broker is all about placing you with the right lender, it's not about doing half a job. A good broker phones the potential lenders, speaks with their dedicated contact and sees if there is anything that would cause a DIP application to be rejected before trying.

I got my adverse broker from here, as I wasnt happy with one I had spoken with, he has been worth every penny of his fee!

I agree.  The OP definitely needs a broker who specialises in adverse credit files.

@Sprigg
When you have a specialist broker, they will need to see your three credit files.  You can get your free Statutory reports from:

Experian - https://www.experian.co.uk/consumer/statutory-report.html
Equifax - https://www.equifax.co.uk/Products/credit/statutory-report.html
TransUnion - https://www.transunionstatreport.co.uk/  

Easier to use one site to get all three at once

https://www.creditkarma.co.uk/

I thought Credit Karma only showed your TransUnion credit file?

It does, that's why I posted too!

Sprigg

Thank for all the help.

I got in contact with credit union who are good for dealing with bad credit and mortgages. They've said that as a default is still open, I need to wait till it's settled and try in six months again.

I have paid this off, does it just take some time before it shows as settled on my report then?

MovingForwards

Sprigg said:

Thank for all the help.

I got in contact with credit union who are good for dealing with bad credit and mortgages. They've said that as a default is still open, I need to wait till it's settled and try in six months again.

I have paid this off, does it just take some time before it shows as settled on my report then?

You don't have to wait for them to be settled.

People get mortgages with outstanding defaults and CCJs.

For the default to show as settled it will be a month or two, keep watching your credit reports when they are updated.