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Nervous waiting
Timmy1985
Posts: 2 Newbie
Hi
I have several satisfied defaults from over 3 years ago from previous marriage.
My wife and I have some zero 0% credit cards which we are repaying on time and will clear within 0% period and have saved up around £25000 towards deposit. I was expecting to have to go through a broker and to lenders such as Accord or Kensington for a mortgage but have secured a MIP through Yorkshire Building Society and had an offer accepted on a house for £203500.
We have made a full application today and now nervously waiting for more information over the next few days/weeks.
In the position of a 'computer said yes' but convinced a person will say no and that some kind of mistake has happened!
Has anyone been with YBS with such issues on credit files?
I have several satisfied defaults from over 3 years ago from previous marriage.
My wife and I have some zero 0% credit cards which we are repaying on time and will clear within 0% period and have saved up around £25000 towards deposit. I was expecting to have to go through a broker and to lenders such as Accord or Kensington for a mortgage but have secured a MIP through Yorkshire Building Society and had an offer accepted on a house for £203500.
We have made a full application today and now nervously waiting for more information over the next few days/weeks.
In the position of a 'computer said yes' but convinced a person will say no and that some kind of mistake has happened!
Has anyone been with YBS with such issues on credit files?
0
Comments
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Yes I think lots of people have0
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How many defaults are we talking about? One satisfied 3 years a go yes possibly but 3 or more then that's a high risk for a lender. Why didn't you seek advice from a broker based on these circumstances? The MIP/DIP doesn't usually do a hard search on your credit.0
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Don’t be too nervous. If they should now say no it does not mean the end you can then look for a broker and he will find another lender for you. Different lenders have different criteria.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓0
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