Adverse credit mortgages

desperate+determined

Hi all 

really need some advice please. 

So we have been gifted a substantial amount of money (which would cover a 10%deposit on a house) 

issue is we have adverse and mortgage companies are a mind field. 

We got accepted and then underwriter halted wanting us to increase deposit to 15% (not in position to do that) 

the house  is all lined up just need to secure funding again. 

Any suggestions of who to try? 

Thank you 

MWT

I would suggest using a broker, they should be able to assess your situation and help you find the best way forward...

desperate+determined

Thank you can you recommend any adverse brokers? 

lonibra

OP, it looks like you have had a decline from Aldermore? What does your current MB suggest? I don't think there are a huge number of adverse banks at 90% LTV.

I don't know if they will be able to help any more than your current MB but ACG and KS are two of the advisers here who often help with adverse so you could drop them a DM if you like the cut of their jib.

desperate+determined

Sorry I’m rubbish with abbreviations what is ACG And KS

ACG

They are our usernames.

I am not taking on any customers at the minute, but I can try and let you know if you have options at 90% LTV or not. 

What adverse do you have? 
When was it registered?

lonibra

desperate+determined said:

Sorry I’m rubbish with abbreviations what is ACG And KS

Sorry

@ACG the adviser above and @K_S another adviser

desperate+determined

ACG said:

They are our usernames.

I am not taking on any customers at the minute, but I can try and let you know if you have options at 90% LTV or not. 

What adverse do you have? 
When was it registered?

joint app

1 CCJ settled on file until 2024 -app 1
3 missed payments - app 1
safetynet - app 1 (this can be paid and closed no issues)
DMP - 18 months in - app 2

ACG

I think with a DMP started 18 months ago, some missed payments and a CCJ, you are probably going to struggle at 90% LTV.