would I be likely to get a mortgage with some old bad credit?

Hello all

I would really appreciate any thoughts or advice on the likelihood of me being able to secure a mortgage.

I have a few old bad debts as follows:

2 x defaults from July 2018 for £1,507 (they are both actually for the same thing- one from the credit card company and the other from the company it sold the debt too). Satisfied/settled in 2019.

1 x default from April 2018 for £919. satisfied / settled in 2019.

missed payments / arrangement to pay from 2016-18 on a credit card
and then being in a DMP on that card for 5 months, ending in July 2019. Settled.

Since September 2019. completely clear credit rating.

In terms of the mortgage:

I would need 4.5x salary (or 4x minimum)
I do have a 15% deposit.
I have been in a job 4.5 years.

many thanks!


  • ACG
    ACG Posts: 23,624
    First Anniversary Name Dropper First Post I've helped Parliament
    I think you stand a pretty good chance of getting a mortgage. 
    Its difficult to know where you fall rate wise, but I would like to think you can get something at normal or near normal rates with a bit of luck. 

    One for a broker probably but I think you are in a pretty good place. 
    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.
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