Getting a mortgage with a bad credit rating

genie78

Hi there i need your advice, i have a credit rating of about 280 on equifax this is due to 2 things.. the electoral roll not showing that i have been on there for the last 6 years and that i had a bad 3 months at the start of 2004.

I have had a mortgage since then but sold my house in 2005 and did not purchase another one.

I am now wanting to buy a property but with my rating so low i dont think i will get one.

my wife has just started a business a year or so ago, so does not have much to add to the equation.

what is my best option?

Conrad

Do you want 95% or what?

luckyfool

As Conrad says it will depend on what you require.

If it's 75% and you dont have any defaults of ccjs then it's likely you can still get a high street deal, if it's 90 or 95% then you will possibly have restricted options.

genie78

no probably 90% and i do have 2 defaults that were settled in 2004

homer_j_3

The business that your wife has set up, was she doing something similar employed previously?

Also how much were the defaults for?

Lastly, when do you forsee yourself being on the voters roll and have you got your experian report?

mpsavuk

I can never understand why people don't get their names on the Electoral roll. It's one of the first things you should do, even if you rent.

homer_j_3

I have never physically done it, it happens automatically when you pay council tax as far as I can work out so I am not sure how people do not get on there unless they are a lodger maybe.

Anyway, after trying to squat that damn fly crawling over my screen, I will await answer from the OP.

genie78

i have been on the voters roll for nearly 10 years... the amounts were less than £500