I have 4 defaults which will fall off my file mid July (all the same date) and 1 default value £57 for a mobile phone company that will be 3 years old in November.
can you please advise if I am likely to be able to get a mortgage for £120,000 if I have £30,000 deposit (from equity in current mortgage which is up to date with no arrears) so total purchase price £150,000
earnings are £20,000 a year (Part time) with £861 a month in child benefit and universal credit and my ex partner gives me £600 a month also for child maintenance.
I am 42 years old so don’t want to wait too much longer to move if I have a chance of being accepted.
Hi Allison, on face value this should be possible credit wise however affordability will be dependent on the lender and the details surrounding your maintenance and benefits.
With a credit report and a bit more information regarding income we’d be able to make a full decision.