Bad Credit But Decent Income?

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DayDreamJay
DayDreamJay Posts: 31 Forumite
First Post First Anniversary Combo Breaker
in Mortgages & endowments
Hi,

I have no CCJs within the last 6 years but some missed payments on some accounts including EE and also my existing mortgage account in 2015/2016.

I have a decent income but this has only been in the last 12 months, I am self-employed. My credit score with Credit Karma is 471.

I am struggling to find anyone who can help me get a mortgage, is it a hopeless cause?

Any help gratefully received.

Regards,

Jay

Comments

  • Mortgage_Adviser
    Mortgage_Adviser Posts: 374 Forumite
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    When you say you had a decent income but only in the last 12 months, does it means that the latest tax return that you would have which would be up to 6 of April 2019 would only havea few of those 'decent months'
    Or would the whole figure be decent?
  • newbuildbuyer
    newbuildbuyer Posts: 13 Forumite
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    If you have a decent income you can afford a specialist broker.

    Contact "Simply adverse" and they will tell you within the hour if you have any chance of a mortgage. If Simply can't get you an offer no one can.

    Cost us 2k but they did the impossible and got us a mainstream lender.
  • csgohan4
    csgohan4 Posts: 10,587 Forumite
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    newbuildbuyer wrote: »
    If you have a decent income you can afford a specialist broker.

    Contact "Simply adverse" and they will tell you within the hour if you have any chance of a mortgage. If Simply can't get you an offer no one can.

    Cost us 2k but they did the impossible and got us a mainstream lender.

    They are not the only adverse broker, ensure you check their T+Cs and know what your paying and getting yourself.

    Shop around, word of mouth or on here for an adverse broker
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • DayDreamJay
    DayDreamJay Posts: 31 Forumite
    First Post First Anniversary Combo Breaker
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    Mortgage_Adviser wrote: »
    When you say you had a decent income but only in the last 12 months, does it means that the latest tax return that you would have which would be up to 6 of April 2019 would only havea few of those 'decent months'
    Or would the whole figure be decent?

    Literally the last 12 months rather than previous tax year. Provable though.
  • Mortgage_Adviser
    Mortgage_Adviser Posts: 374 Forumite
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    There is one adverse lender I can think of that can work of the accountants report as opposed to the latest tax return.
    So you may havea chance with them.
  • newbuildbuyer
    newbuildbuyer Posts: 13 Forumite
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    Simply won't charge unless you get an offer and they will tell you upfront the cost. They won't take you on unless they believe they can get an offer.

    Pretty straight forward and quick way of getting some answers.

    I will always recommend them because we tried several "adverse" brokers who all failed prior to them.
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