Skip to content

Avatar
Log In
Please consider registering
Guest
Forum Scope


Match



Forum Options



Min search length: 3 characters / Max search length: 84 characters
Register Lost password?
sp_TopicIcon
Bad credit plus DMP
Avatar
Chac12345
5 Posts
(Offline)
1
06/01/2021 - 12:51 pm

Hi
Were looking at a 95% mortgage. Defaults over 3 years old. No missed payments or pay day loans. One DMP paid off recently the other ongoing.
We had a broker who found a 95% mortgage before the Coronavirus but that has been pulled.
Are there any still on the market and would we fit the criteria? If so what are the general rates?
Thanks
Char

Avatar
157 Posts
(Offline)
2
06/01/2021 - 12:51 pm

Morning Char,

Unfortunately the combination of variables here will make it incredibly difficult and even more so in the current situation.

If you were buying a new build property and using the help to buy equity scheme, it is likely to be easier to place.

Assuming you are not then the source of your deposit, your bank account conduct verifying specific affordability and the event/s that led to the Debt Management Plan will be critical to your success.

We would never discuss general rates as would be impossible to predict, but 95% mortgages generally (without any adverse credit) are currently difficult to achieve so you do have a tough task ahead.

Best of luck

Forum Timezone: Europe/London
All RSSShow Stats
Top Posters:
jrlsmc890: 12
beepboopbeep: 12
Allison79mw: 11
walt46: 11
ashley_987: 10
Redpanther89: 9
nursek: 8
M_wannabe: 6
RussH: 6
ERG005: 6
Newest Members:
testls
paulgough
ThomasMoubs
Davidjohn753951
Tim453
joric
RelyServices5
RobertHep
ncubemp
Help2022
Forum Stats:
Groups: 1
Forums: 12
Topics: 156
Posts: 556

 

Member Stats:
Guest Posters: 0
Members: 411
Moderators: 5
Admins: 3
Most Users Ever Online: 207
Currently Online:
Guest(s) 2
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.94 Stars - Based on 2377 User Reviews

Your home may be repossessed if you do not keep up repayments on your mortgage.