Mortgage prospects with debt and default

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totterdown5
totterdown5 Posts: 2 Newbie
in Mortgages & endowments
First time buyers with bad credit. We have a combined salary of 70k and a deposit of just under 50k. I however have a £1500 overdraft and £1700 on my credit card. I also have 2 defaults – the last was in May 2015. Both are settled since august 2016. Do we have a realistic prospect of getting a mortgage? any advice gratefully received!

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  • Carrot007
    Carrot007 Posts: 4,534 Forumite
    First Anniversary Name Dropper First Post
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    If your LTV is 90% or under and you are 3 years sinc ethe defaults you should get something with a good adverse credit broker. Debts seem minimal to salary.
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