Anyone know Mortgage Providers for people with defaults please?

[Never-In-Doubt]

Re: Anyone know Mortgage Providers for people with defaults please?

i wasn't sure anyone did a self cert anymore?!

Nah self certs are dead now mate

[SA Gold]

Re: Anyone know Mortgage Providers for people with defaults please?

Not sure if they do self cert.

i wasn't sure anyone did a self cert anymore?!

[Never-In-Doubt]

Re: Anyone know Mortgage Providers for people with defaults please?

Ahh see mine is self cert. I don't do sharing my life story with anyone, let alone a bank

[Beefy1976]

Re: Anyone know Mortgage Providers for people with defaults please?

is this for a self cert style mortgage....?

Would love to ditch MAS #5

Mine is a standard mortgage and I have to produce wage slips etc. Not sure if they do self cert. It may be worth checking to see as they look at each case individually.

[Never-In-Doubt]

Re: Anyone know Mortgage Providers for people with defaults please?

is this for a self cert style mortgage....?

Would love to ditch MAS #5

[SA Gold]

Re: Anyone know Mortgage Providers for people with defaults please?

Can't fault them

[Beefy1976]

Re: Anyone know Mortgage Providers for people with defaults please?

I can't fault them to be honest and they do look at each case individually. It was gamble applying but I have been good for nearly 4 years which I think helped. They scrutinize your bank statements and so forth - From memory I think they asked for 6 months.

At least they are will to give people a chance without charging the earth.

[mgfboy]

Re: Anyone know Mortgage Providers for people with defaults please?

Aldermoor are about the only lender that will look at this sort of thing but you need to be clean for 3 plus years.

Good lender though they still actually use people to underwrite!!!

[SA Gold]

Re: Anyone know Mortgage Providers for people with defaults please?

It was a company called Aldermore and the rate is 3.98% fixed for 2 years. You have to have a 20% deposit of which a maximum of 5% can be 'gifted' and you have to prove that. There was a completion fee of £999 and the valuation fee was £180. It was an easy application process through the broker - Obviously a very nail biting time though! You are not required to take out any of their insurances either. I never thought I would get a mortgage so I am really happy.

nice one beefy! not such a bad deal then

[Beefy1976]

Re: Anyone know Mortgage Providers for people with defaults please?

ah that's good to hear. Do you mind saying who provided the loan in the end? Was it good rates?

It was a company called Aldermore and the rate is 3.98% fixed for 2 years. You have to have a 20% deposit of which a maximum of 5% can be 'gifted' and you have to prove that. There was a completion fee of £999 and the valuation fee was £180. It was an easy application process through the broker - Obviously a very nail biting time though! You are not required to take out any of their insurances either. I never thought I would get a mortgage so I am really happy.

[SA Gold]

Re: Anyone know Mortgage Providers for people with defaults please?

I recently obtained a mortgage with defaults on my file. All over 4 years old but not satisfied. I used a company called godirect who do charge £249 upon application but they went through everything beforehand. Use a decent broker and they should tell you from the offset whether you stand a chance or not. I think 3 years clean is an absolute minimum though.

Good luck.

ah that's good to hear. Do you mind saying who provided the loan in the end? Was it good rates?

[Beefy1976]

Re: Anyone know Mortgage Providers for people with defaults please?

I recently obtained a mortgage with defaults on my file. All over 4 years old but not satisfied. I used a company called godirect who do charge £249 upon application but they went through everything beforehand. Use a decent broker and they should tell you from the offset whether you stand a chance or not. I think 3 years clean is an absolute minimum though.

Good luck.

[Deepie]

Re: Anyone know Mortgage Providers for people with defaults please?

Have a read here this may help -----> credit checks for a mortgage.

[SA Gold]

Re: Anyone know Mortgage Providers for people with defaults please?

Wasnt there a discussion about this very thing between SXGUY and Mgfboy?

I often have these types of thoughts although can never remember if its because i have imagined it, or can't find the link!

[ken100464]

Re: Anyone know Mortgage Providers for people with defaults please?

Wasnt there a discussion about this very thing between SXGUY and Mgfboy?

Or am I imagining it. Seem to think that mainstream was no no if you had even a smear on your shiny credit file.

But there were peeps who would offer a mortgage for subprime customers. Just they were off radar so to speak and if you decided to not pay them back then they didnt refer you to a normal DCA. Their DCA was shaped like a baseball bat was made of wood and this wooden baseball bat shaped thing was attached to a gorilla.

But like I say I might of imagined the discussion between them.