Will we get approved by Aldemore?

LTH93

We have had an offer accepted on a property however two high street banks have declined us due to my partners bad credit record. He’s had a few missed payments this year so our mortgage advisor is trying Aldemore.

I’ve been researching and read that one of their requirements is no missed payments in the last 3 months and only 1 missed payment in 1 year. My partner has missed 6 payments in the past year for silly reasons!!

What are the chances of us getting approved by Aldemore and are there any other lenders we could try?

[Deleted User]

So none by the sounds of it, but ask on the mortgages board. 

Use the opportunity to get a new broker if he's just slamming applications into high street lenders.

RelievedSheff

I think you are going to struggle to get anyone to give you a mortgage at the current time with so many missed payments in the last year.

You really should have looked into this prior to making an offer on a property.

Try the mortgage board. There are a couple of mortgage advisors on there who specialise in adverse lending but I wouldn't get your hopes up I'm afraid.

K_S

@LTH93 If your broker is responsible for the 2 declined high street lender apps with 6 very recent missed payments, I'd run a mile and find another broker!

I don't do a lot of adverse myself so can't comment on your chances, hopefully someone with more knowledge in these matters will. Good luck!