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Advice needed on getting a mortgage with adverse credit.

shazz75
shazz75 Posts: 13 Forumite
10 Posts
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: 24,712 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: 13 Forumite
    10 Posts
    Hi,I have credit card defaults!!
  • shazz75
    shazz75 Posts: 13 Forumite
    10 Posts
    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: 13 Forumite
    10 Posts
    Hi, I have spoke to a  mortgage broker!
  • fatbelly
    fatbelly Posts: 23,249 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: 24,712 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.
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