80% ltv mortgage with mortgage defaults over 12 months old

whispy25

Are there mortgage lenders out there that will lend with secured defaults over 12 months old with 20% deposit?

MovingForwards

https://forums.moneysavingexpert.com/discussion/6228678/let-to-buy-mortgages-with-high-debt-to-income-ratio#latest

It's easier to wait for people to reply to your threads than keep throwing them up with different information and aims.

ACG

Possibly.
It will depend on how everything appears on your credit report. You may need to get to a 25% deposit though. 

whispy25

I have two independent applications, one on my own property and one on a potential new home with my husband, both with different complications unfortunately. 
 My credit report is clear.  My husbands is not

Haylzx

ACG said:

Possibly.
It will depend on how everything appears on your credit report. You may need to get to a 25% deposit though. 

Hey ACG i really need/want a mortgage but the highstreet banks keep offering me only based on my wage. Is there anyone you know or what I can do to potentially get a higher mortgage. I have a deposit there its just my wage which is stopping me at the moment.

ACG

Haylzx said:

ACG said:

Possibly.
It will depend on how everything appears on your credit report. You may need to get to a 25% deposit though. 

Hey ACG i really need/want a mortgage but the highstreet banks keep offering me only based on my wage. Is there anyone you know or what I can do to potentially get a higher mortgage. I have a deposit there its just my wage which is stopping me at the moment.

Your income and expenditure will support a maximum mortgage. If you have a £10k income and a £950k deposit, you are probably not going to be able to get a million pound house. 

Every lender has to do an affordability check, but every lender differs on how they do that so it can be possible to stretch your income but it really depends on your circumstances. If your income is £20k and you want a £200k mortgage for example that isnt going to happen. If you want £100k it might be possible.