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

edlondon

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

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.