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15% deposit- Payday loan present
Bobthebuildercanyoufixit
Posts: 39 Forumite
Hi,
does anyone know of any mortgage lenders which would provide me with a mortgage if i give a 15% deposit even though i have used payday loans in the past. The most recent payday loan was cleared in october 2020.
does anyone know of any mortgage lenders which would provide me with a mortgage if i give a 15% deposit even though i have used payday loans in the past. The most recent payday loan was cleared in october 2020.
Me and my partner had used payday loan 3 times over the last 2years but nothing in the last 6-7months plus all cleared October 2020 (Only small amounts borrowed of £50-£200).
many thanks,
many thanks,
0
Comments
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Why do you not pick a broker and let them do all the legwork for you? They will look at your credit reports, have a detailed fact find and match you to the right lender for your circumstances.
You've been trying for a while, various different deposit amounts and don't appear to be any further forward.Mortgage started 2020, aiming to clear 31/12/2029.2 -
@bobthebuildercanyoufixit There are lenders who will consider lending with 6 months clear of pdl. But no one can say that they WILL lend to you as that will be based on the rest of the scenario as well. I would recommend getting in touch with an experienced broker who can look at it and give you a realistic view of your options.
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.
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