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Help bad credit
yomo2610
Posts: 3 Newbie
Does anyone have advice on obtaining a mortgage with bad credit. I have 2 defaults from +12 months
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Comments
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Help!!! I really need a mortgage to move myself and 2 children out of ex partner house. I’ve had no success due to having a default on credit file and a low score
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OK - first up, the forum isn't an "instant" place for responses - it's not like a chat board for example, so it can take a little while to get feedback.
Are your finances and your budget under control now? And have you tackled the issues which have caused the defaults? Have you got a budget worked out that shows you will be able to meet mortgage payments at the sort of price level you are looking to buy, and do you have a suitable deposit in place?
In terms of the best options for getting a mortgage with a less than stellar credit file (Ignore the "score" - it's just a random number which lenders don't even see - it's the history that's the key thing) then you may well be best to go through a broker - you want a "whole of market" one - they will be able to go through your finances with you and find you lenders whose criteria you will fit.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Try posting on the mortgages board. There are a few mortgage advisors on there, one in particular who deals wit adverse credit mortgages.0
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