We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Advice needed on getting a mortgage with adverse credit.

Options
shazz75
shazz75 Posts: 4 Newbie
First Post
in Mortgages & endowments
Hi
please can I get some advice on what to do next?
I have put in the right to buy on my property and now I have my valuation back I have contacted a mortgage adviser but they can not offer me a mortgage as I have adverse credit on my credit report.
Is it impossible to get a mortgage with adverse credit?

Comments

  • ACG
    ACG Posts: 24,555 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    What adverse do you have?
    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.
  • shazz75
    shazz75 Posts: 4 Newbie
    First Post
    Hi,I have credit card defaults!!
  • shazz75
    shazz75 Posts: 4 Newbie
    First Post
    which will be 6 years old at the end of the year!!

  • TheSpectator
    TheSpectator Posts: 862 Forumite
    500 Posts Name Dropper
    What do you mean by a 'mortgage advisor'? - an employee of a specific lender or a mortgage broker?
  • shazz75
    shazz75 Posts: 4 Newbie
    First Post
    Hi, I have spoke to a  mortgage broker!
  • fatbelly
    fatbelly Posts: 22,966 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    shazz75 said:
    which will be 6 years old at the end of the year!!

    The end of 2024? So next month they drop off your file.

    Try again in January
  • ACG
    ACG Posts: 24,555 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    With defaults over 5 years old, it should be possible.

    Try a couple more brokers. It might just be that the adviser you spoke to is not experienced with adverse. 
    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.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture