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Mortgage with defaults
Jolly_Lolly1982
Posts: 1 Newbie
My partner and I are looking to get a mortgage. Ive previously had a mortgage with my ex husband, and my credit is 999/999 so as good as it can get. My partner unfortunately got himself into bother and has about 6 defaults, all now settled back in 2022. We have also just paid his car off in full but financial advisor could only get us a mortgage at 6.7% when the high street is around 4.5%. We have been advised to wait until 3 years after the defaults which will be August this year. Has anyone any advice or experience on this please. Thanks
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Comments
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What LTV are you looking at?
When were the defaults registered?
With 6 defaults, its unlikely to pass high street rates even once they have been satisfied for 3 years.
I think you can get lower than 6.7%, but not 4.5%. I would say maybe around 5.5%-6%.I am a Mortgage AdviserYou 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.0
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