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
Could I get a shared ownership mortgage with 5% deposit?
Avatar
Mjl1990uk
3 Posts
(Offline)
1
07/01/2021 - 10:33 am

Hi team

Some advice please.

2 recent deposits (last 2 years)
CCJ 2 years ago but also satisfied

Experian credit rating is very low.

But then...

Good income (£53,925) and no outstanding debts, credit card balance at zero. No dependants.

History of good rent payments, reported by credit Ladder (private)

I have around £5000 in deposit, but just moved to this job. I have not been unemployed in the last 3 years but have had an external promotion each year.

Is it likely I could get a shared ownership mortgage or am I better off waiting until I've been in my job 12 months and saving more deposit (I can save £1000pcm at the moment).

My private tenancy is about to run out so if I could buy now, I would.

Avatar
David@SimplyAdverse
111 Posts
(Offline)
2
07/01/2021 - 10:34 am

Hi, thanks for getting in contact.

There are many factors at play here however on face value this is likely to be possible.

The key variables would be exact details of your credit issues and what your employment history over the past 12 months looks like.

We'd be more than happy to help.

Avatar
Mjl1990uk
3 Posts
(Offline)
3
07/01/2021 - 10:34 am

Thank you David. I am also considering getting a full mortgage with a 10 percent deposit. That won't be until around August. How soon would you suggest I talk to you and or make the application?

Avatar
Mjl1990uk
3 Posts
(Offline)
4
07/01/2021 - 10:34 am

David I've sent you an email regarding my circs with the work details you requested plus a but more about me. Id appreciate a call or email back. All the best.

Avatar
David@SimplyAdverse
111 Posts
(Offline)
5
07/01/2021 - 10:35 am

Ok great, I will come back to you via email from this point onwards.

Forum Timezone: Europe/London
All RSSShow Stats
Administrators:
admin
Paul Carmen
SabinaC
Moderators:
Adam@SimplyAdverse
Sarah@SimplyAdverse
David@SimplyAdverse
Liam@SimplyLending
Hayley@simplyadverse
Top Posters:
beepboopbeep: 12
jrlsmc890: 12
walt46: 11
Allison79mw: 11
ashley_987: 10
nursek: 9
Redpanther89: 9
Fiona951753: 7
M_wannabe: 6
RussH: 6
Newest Members:
adult porn videos
HowardflolA
RaymondSooca
pentti
42Ki
CarmineChogs
LouieBit
DfertaWaw
Juliavup
ElvasTag
Forum Stats:
Groups: 1
Forums: 12
Topics: 165
Posts: 581

 

Member Stats:
Guest Posters: 0
Members: 1170
Moderators: 5
Admins: 3
Most Users Ever Online: 207
Currently Online:
Guest(s) 1
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.95 Average - Based on 3267 Reviews

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