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.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Very poor credit - mortgage

Londoner0707
Londoner0707 Posts: 14 Forumite
First Post First Anniversary
in Mortgages & endowments
Hi all

I have very poor credit rating, which I’ve been trying to build up in the past year. But with a default, a CCJ and most recently a payday loan (though paid straight away) I know my credits not good. Unfortunately this year has been hard as my mother was diagnosed with cancer and lost her job so had to try and make ends meet. Regardless I have saved 10% for a deposit and have seen a property I like. I’m wondering if anyone can recommend a good mortgage broker that can maybe help me get a mortgage despite my bad history.

thanks

Comments

  • K_S
    K_S Posts: 6,908 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 29 March 2021 at 7:25AM
    @londoner0707 At 90% LTV with a default and CCJ, you are likely down to very few potential lenders. When were they registered? If less than 3 years old it'll be a struggle 

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Londoner0707
    Londoner0707 Posts: 14 Forumite
    First Post First Anniversary
    CCJ is about 3/4 years old. Default  is 2 years old. Do you think I have a shot?
  • Londoner0707
    Londoner0707 Posts: 14 Forumite
    First Post First Anniversary
    Just to add, CCJ is satisfied and so default is settled.
  • K_S
    K_S Posts: 6,908 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    I've responded to your PM.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.9K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.5K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture