mortgage question

grace765

Has anyone had any success securing a mortgage without 3 years uk address history or when coming back to uk? I have been back for 18 months and I’m looking to get a mortgage asap. Kept a forwarding address (family home) in uk throughout my time away so no gaps in credit report. Specifically looking at adverse lenders (precise, Aldermore, Kent reliance or pepper). 

TIA 😄

haras_n0sirrah

Why adverse - worth checking if you need an adverse lender as some mainstream lenders do allow a bit of adverse depending on what it is and when
anyway looking at the lenders mentioned
precise - 36 months
kensington - 24
aldermore - 24
kent - 36
pepper - 36
bluestone - 12 (but ouch)

grace765

haras_n0sirrah said:

Why adverse - worth checking if you need an adverse lender as some mainstream lenders do allow a bit of adverse depending on what it is and when
anyway looking at the lenders mentioned
precise - 36 months
kensington - 24
aldermore - 24
kent - 36
pepper - 36
bluestone - 12 (but ouch)

Thank you. I have a few late payments from 2017 and a 2 year old default of almost £2000 (satisfied in full) so I think I will need to go with an adverse lender. 😟

haras_n0sirrah

with a default of that size I think unless you will consider bluestone you would need to wait until you have been 24 months in the uk to access more lenders 

upthegarry

grace765 said:

haras_n0sirrah said:

Why adverse - worth checking if you need an adverse lender as some mainstream lenders do allow a bit of adverse depending on what it is and when
anyway looking at the lenders mentioned
precise - 36 months
kensington - 24
aldermore - 24
kent - 36
pepper - 36
bluestone - 12 (but ouch)

Thank you. I have a few late payments from 2017 and a 2 year old default of almost £2000 (satisfied in full) so I think I will need to go with an adverse lender. 😟

I had an almost 3 year old default for £7k (fully satisfied) with a few odd late payments about 18 months ago and we’ve had just had a Natwest approval (with HTB) 

grace765

haras_n0sirrah said:

with a default of that size I think unless you will consider bluestone you would need to wait until you have been 24 months in the uk to access more lenders 

Ok, thanks for the info. Are bluestone ok with 2 year old defaults? 

haras_n0sirrah

I believe they are ok with anything over 6 months. Happy to check as not used them since pre covid and now is a completely different ball game to 6 months ago