We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can’t get a mortgage
Comments
-
Thank you. Taken your advice and had a very honest and productive conversation with a broker this afternoon. Things look much more positive now. Thanks for sound advice.jamielutz1987 said:philologo said:
So far we have only gone via our own high street banks. Initially via our online banking however I have called the mortgage advisor at my own bank and been advised that without remedying my credit score I will not get a mortgage through any ‘normal’ channel and may have to take a mortgage for those with a poor credit history. I’ve looked at these and they appear to cater for those in a far worse situation than my own, although to be honest I’m still nervous about getting caught up with some current-day Northern Rock firm on forced term then end up anathema to any future lender when I want to switch after the fixed term is up. I hadn’t considered a broker. Any suggestions?kingstreet said:Which lenders did you approach?Did you try to do this direct, or did you get professional help?You should talk to a broker - a normal one first and if they can't help, a specialist one next. There is absolutely nothing to be gained by DIYing this. With all due respect, you can safely ignore the "mortgage adviser" at your bank, they are hardly likely to be experts in the whole of market.Get a mortgage at a rate that you can afford, work hard to overpay/build equity and before you know it it will be 2022 when your 2016 adverse drops off the credit report and you can hopefully remortgage if needed.I completely understand your desire to buy and wish you the very best! Speak to a broker
1 -
Taken your advice and had an open and productive conversation with a broker this afternoon. Got an awful lot from it - much better than trying to DIY it - and in the meantime I can continue to work on my credit report. Thanks 😊philologo said:
ThanksMovingForwards said:I picked up my specialist adverse broker from MSE, after reading his posts, having an open conversation, taking it to messaging then via email / phone.
I've been in my own home for nearly 2 months.
A good broker is the difference between getting a mortgage or being rejected.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.9K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.1K Spending & Discounts
- 244.9K Work, Benefits & Business
- 600.5K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards