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Need Advice on Mortgages for Sub Prime Customers. PLS HELP!!!
brookss1312
Posts: 9 Forumite
Hi guys,
i really need some advice. Basically me and my partner are first time buyers and would really like to get on the property ladder. The problem is that, i like most people developed a lot of debt when i was younger which has affected my credit, i have a couple of ccj's and 1 default. I have been trying to rebuild my credit for the last 3 years now by not missing any payment's and and paying off some of my old debts but i still think it will have a massive effect on us getting a mortgage. My OH credit is perfect but i am the one with the bigger salary so i don't know if her credit will even matter as much. We also would like either a 100% mortgage or 105% to get us going. Can anybody give me some advice on which lenders or bank's to try as i don't want to apply for some only to get refused which will be stored on my credit file. If anyone can point me in the right direction as to what to do next it would be greatly appreciated. Thanks in advance.
i really need some advice. Basically me and my partner are first time buyers and would really like to get on the property ladder. The problem is that, i like most people developed a lot of debt when i was younger which has affected my credit, i have a couple of ccj's and 1 default. I have been trying to rebuild my credit for the last 3 years now by not missing any payment's and and paying off some of my old debts but i still think it will have a massive effect on us getting a mortgage. My OH credit is perfect but i am the one with the bigger salary so i don't know if her credit will even matter as much. We also would like either a 100% mortgage or 105% to get us going. Can anybody give me some advice on which lenders or bank's to try as i don't want to apply for some only to get refused which will be stored on my credit file. If anyone can point me in the right direction as to what to do next it would be greatly appreciated. Thanks in advance.
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Comments
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sorry this is a dupe, it can be deleted.0
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I would suggest that you start saving for a deposit. In the current climate there are very few 100% + mortgages available, and probably not to people with a less than prefect credit history.
Sorry this answer is probably not what you want to hear, but if you save for a year or so then you will be in a much better position and house prices are unlikely to have risen (and may even have dropped) compared to the current prices.0 -
Why do you feel the need to jump on the property ladder at this time? House prices are below peak and are likely to go much lower than at present.
My advice is to rent somewhere modest and afordable and save like mad.0
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