advice needed plse

sammyjammy

Hi Pomp

Well you certainly sound as if you've thought things through and what you say certainly makes sense, six months ago one satisfied default would not have stopped you getting certain high street mortgages, I'm not sure anymore, I think you should definitely get a whole of market broker before making any more applications, good luck.

Sam

pomp

Inmypocket thats great thankyou! ill defo be following that example to see if i can clear it

We've got our FA visiting today, so hopefully ill get to see everything i want to in black and white on paper, fingers crossed the mortgage in principle doesnt fall through, weve got our first viewing tommorow.

Thanks to everybody for the help and advice, it REALLY is appreciated, thanks again
:T

Conrad

Pomp I sucessfuly arranged a shared ownership for a client with a default recently, with Saffron Building Society. Some brokers are members of networks that preclude this lender, but in my experience there is often a reluctance by advisers to admit they are in any way limited to a panel of lenders. If in doubt apply to the lender direct.

dragonfly1977

My husband and i were able to get a credit repair mortgage with Accord Mortgages after suffering from financial difficulties and as long as we don't default on any repayments we will be able to get a "high street" deal with them when the fixed term period is up (apparently). They are really helpful and the staff are very supportive, it's worth a try if you still haven't got a mortgage arranged.

Good Luck

luckyfool

Dragonfly1977 - Accord will not lend on Homebuy schemes on their Credit Repair range afaik.

Conrad

Just a reminder Pomp that your FA may well want to sell you insurance. I'd shop around if I were you and do not take any advice not to include every health event when YOU fill out the application (Often I find FAs tell you not to disclose "that minor fracture" or "Mums mild blood pressure" as they want thier commision without delay, but any future claim will be void as a result).

Also there are many stories on this very forum of these insurance salepeople selling mortgage payment protection that fails to payout. You are aware Im sure that no such insurance will payout when your forces jobs ends as you are 'pre aware' of the event.

Good luck

pomp

Conrad wrote: »

You are aware Im sure that no such insurance will payout when your forces jobs ends as you are 'pre aware' of the event.

Conrad, Im a little confused, do you mean i mean need to take another insurance after i leave the forces?

sammyjammy

I think Conrad just means if you take critical illness insurance out when you get your mortgage to make sure you declare all illnesses and conditions, any news on the mortgage?

JuiceFS

HI there pomp. I've just read through your posts and I just wanted to make you aware of a couple of things. Whilst you're in the forces you may have PACS cover or something similar and depending on your line of work you will need to shop around for the right insurances. Payment protection will be pointless all the while you are serving because you get full sick pay anyway (my husband was in the marines, so i've been through all this personally) but make sure your partner is protected. Be careful when discussing your time left in the forces (what are your plans/resettlement courses?) because the lender may enquire about this and so might the keyworker company. Please ensure that you can comfortably afford this when you come out (I'm sure you've got this covered). Good luck.