Anyone know Mortgage Providers for people with defaults please?

[Locke]

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

Do they credit check you before the results are known? many thanks!

Yes, I emailed the broker a copy of my credit report before he looked for us. The original plan was for my now wife to have the mortgage in her name alone however she couldn't borrow enough as she was off work on maternity and also owns a place with her ex partner still.

The broker said as long as my defaults were over two years old Kensington would accept me and they did.

[bobogosing]

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

It is with Kensington and was set up through London and Country brokers.

Do they credit check you before the results are known? many thanks!

[Locke]

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

It is with Kensington and was set up through London and Country brokers.

[bobogosing]

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

My partner and I successfully applied for a mortgage nearly 2 years ago despite me having defaults and owing just over £30k in unenforceable debt, it was made more complicated as my now wife was on maternity leave and also had a mortgage still with her ex partner but amazingly it all went through.

I think we were accepted on the 28th and my newest default hit the 2 year old mark on the 26th!

It took another 6 months before we got the keys which is an age on an empty house but it was to be expected, we had to write all sorts of letters including what we planned on doing for childcare when my other half went back to work and of course what the status was with my debts and what I planned on doing with them.

Can I ask which bank please? Don't think its that easy now with defaults.....even though my defaults are over 4 years old

[Locke]

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

My partner and I successfully applied for a mortgage nearly 2 years ago despite me having defaults and owing just over £30k in unenforceable debt, it was made more complicated as my now wife was on maternity leave and also had a mortgage still with her ex partner but amazingly it all went through.

I think we were accepted on the 28th and my newest default hit the 2 year old mark on the 26th!

It took another 6 months before we got the keys which is an age on an empty house but it was to be expected, we had to write all sorts of letters including what we planned on doing for childcare when my other half went back to work and of course what the status was with my debts and what I planned on doing with them.

[SA Gold]

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

Having just read this thread, several years ago our broker arranged a self cert mortgage ...... With MAS5 and once it ended, about 3 years ago it went to 1/2% over base rate.

Hiya,
Do self -certs still exist?
Cheers
SA

[cymruambyth]

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

Having just read this thread, several years ago our broker arranged a self cert mortgage ...... With MAS5 and once it ended, about 3 years ago it went to 1/2% over base rate.

[SA Gold]

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

Okies! Just checking if there's any new updates or anyone can give good news Thanks though!

hey, there may be! Someone may post up any new providers.

Best of luck with it.

SA

[bobogosing]

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

Hiya,

Without a near-perfect credit history, you are going to be paying through the nose so to speak - if you do get an offer that is.
It's for that reason many sit and wait until they have six years clear.

Cheers
SA

Okies! Just checking if there's any new updates or anyone can give good news Thanks though!

[SA Gold]

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

Anyone have any info on any mortgage providers that don't charge sky high interest please?

Hiya,

Without a near-perfect credit history, you are going to be paying through the nose so to speak - if you do get an offer that is.
It's for that reason many sit and wait until they have six years clear.

Cheers
SA

[bobogosing]

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

Anyone have any info on any mortgage providers that don't charge sky high interest please?

[SXGuy]

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

10% tax credit up to 35,000 including income from sallary i think, could be more this year.


Just reitterating what others have said, get a good independant broker to do a search for you, he/she will know exactly what you can and cant get, without submitting applications left right and centre.

Plus you can sit down with them and see all those on the market and what they would require.

[SA Gold]

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

I took one because my dividends from my businesses paid treble what I pay myself so my income is incorrect based solely on chargeable hours....

It's a catch 22 now, stuck with shitty firm and cannot move. Oh well.....

Got other benefits thou mate - is it 10% tax for dividends? :niddy

[Never-In-Doubt]

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

as i thought as much mate. I wonder if they will make a come back? Personally, i doubt it as a lot of people took them out on the basis *they could* earn the money although when work dries up/far less about its not achievable.

I took one because my dividends from my businesses paid treble what I pay myself so my income is incorrect based solely on chargeable hours....

It's a catch 22 now, stuck with shitty firm and cannot move. Oh well.....

[SA Gold]

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

Nah self certs are dead now mate

as i thought as much mate. I wonder if they will make a come back? Personally, i doubt it as a lot of people took them out on the basis *they could* earn the money although when work dries up/far less about its not achievable.