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    • Nosshhh
    • By Nosshhh 15th Mar 17, 11:08 AM
    • 2Posts
    • 0Thanks
    Adverse Credit
    • #1
    • 15th Mar 17, 11:08 AM
    Adverse Credit 15th Mar 17 at 11:08 AM
    Hi All, I am new to this.
    Is there any brokers out there that will specialise in finding me a mortgage with adverse credit.
    Background info - 55LTV
    Applied to Halifax and Natiowide direct to be turned down.
    Had 3 missed payments on current mortgage in Jul, Aug, Sept 2015 - as soon as I realised paid all upto date October 2015 but these are marked on my credit file. Reason for this was I had a baby in July 2015 and my partner left us both.
    Experian score is 997 and excellent -
    One default from 2011 of 550 from a old current account that is settled and will fall off my file end of the year.
    Equifax Score 399 at fair

    If anyone has had a similar situation can you let me know if any high street bank accepted you.
    If any brokers feel they can help please contact me as I am in a position that I need to arrange a mortgage within 2 weeks or I will lose my dream house!

    Thank you
Page 1
    • ACG
    • By ACG 15th Mar 17, 11:14 AM
    • 16,826 Posts
    • 8,778 Thanks
    • #2
    • 15th Mar 17, 11:14 AM
    • #2
    • 15th Mar 17, 11:14 AM
    There is only maybe one high street lender I can think of who may accept you but it is 50/50. I think you may need to accept that if you do want a Mortgage, you may have to pay slightly higher rates (around 3.5-4.5%) for 2 years before getting back on the high street.

    But it is definitely one for a broker I think.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • foxy-stoat
    • By foxy-stoat 15th Mar 17, 11:42 AM
    • 1,650 Posts
    • 893 Thanks
    • #3
    • 15th Mar 17, 11:42 AM
    • #3
    • 15th Mar 17, 11:42 AM
    Yup, contact local brokers. If you had spoken to the lender to ask for a payment holiday it may of worked out better for you.

    Best of luck with your dream.
    • Nosshhh
    • By Nosshhh 16th Mar 17, 9:29 AM
    • 2 Posts
    • 0 Thanks
    • #4
    • 16th Mar 17, 9:29 AM
    • #4
    • 16th Mar 17, 9:29 AM
    Are you a broker and able to help?
    • ap1985
    • By ap1985 17th Mar 17, 3:57 PM
    • 299 Posts
    • 130 Thanks
    • #5
    • 17th Mar 17, 3:57 PM
    • #5
    • 17th Mar 17, 3:57 PM
    Speak to a broker that is a specialist on adverse credit. From what I know missed mortgage payments are frowned upon.
    Finally going to be a homeowner
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