Adverse mortgages right to buy

Mummy007

Any one know who are still doing Adverse mortgages right to buy
Thanks
 

ACG

It depends on the adverse. 
A 5 year old satisfied default, you will probably get normal rates. A 5 month old default and probably not. 

There are a couple of lenders out there, but I have heard that there are one or 2 lenders who do adverse that will be launching RTB products at some point this year, probably the first half of the year. 

Mummy007

Not satisfied Defaults will be 6 years old September, 2021 

ACG

Can you not wait until September? 
You will stand a better chance of being accepted normal rates. 

Mummy007

Its only a mortgage of £25,000 just want to get it underway asap, hope to have payed in five years. Its just finding RTB adverse at the moment
 

ACG

The £25k will probably be an issue also. Many of the more specialist lenders have minimum loan amounts of £50-75k. 
It is probably worth speaking to a broker or maybe an unsecured loan? I am not sure if you can use an unsecured loan for the purposes of buying a home but it might be an option and could even be cheaper than some of the mortgages you may be looking at now.