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    • totterdown5
    • By totterdown5 17th May 18, 11:54 AM
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    totterdown5
    Mortgage prospects with debt and default
    • #1
    • 17th May 18, 11:54 AM
    Mortgage prospects with debt and default 17th May 18 at 11:54 AM
    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
    • By Carrot007 17th May 18, 12:08 PM
    • 1,121 Posts
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    Carrot007
    • #2
    • 17th May 18, 12:08 PM
    • #2
    • 17th May 18, 12:08 PM
    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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