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
First time mortgage
Avatar
Craygey
4 Posts
(Offline)
1
30/12/2022 - 2:14 pm

Hi, I’m looking at getting my first mortgage but have a bad credit rating, I also have about 10k of loans and credit cards including payday loans. I also have a ccj which will come off my file this April for roughly £300. Another thing is I had trouble with gambling the past 6 months so this would appear on my bank statements. I also have about £45k deposit but would use that to clear loans and debt leaving me about £35k deposit. Is there any chance of getting acceptance anywhere?

Avatar
David@SimplyAdverse
111 Posts
(Offline)
2
30/12/2022 - 4:26 pm

Craygey said
Hi, I’m looking at getting my first mortgage but have a bad credit rating, I also have about 10k of loans and credit cards including payday loans. I also have a ccj which will come off my file this April for roughly £300. Another thing is I had trouble with gambling the past 6 months so this would appear on my bank statements. I also have about £45k deposit but would use that to clear loans and debt leaving me about £35k deposit. Is there any chance of getting acceptance anywhere?  

Hi, thanks for getting in contact.

A mortgage can certainly be possible under these circumstances however if you wanted to improve your chances avoiding both payday loans and gambling sites would do that.

The size of your deposit in relation to the purchase price and the last 3 months of your bank statements will be the key to this.

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:
jrlsmc890: 12
beepboopbeep: 12
walt46: 11
Allison79mw: 11
ashley_987: 10
nursek: 9
Redpanther89: 9
Fiona951753: 7
Kaboomba: 6
M_wannabe: 6
Newest Members:
Janearild
JamFruix
Germanhent
Larryhic
NormanSking
XXXIKi
Henrymus
Helentip
JamesScoum
FuriousTrox
Forum Stats:
Groups: 1
Forums: 12
Topics: 165
Posts: 581

 

Member Stats:
Guest Posters: 0
Members: 1145
Moderators: 5
Admins: 3
Most Users Ever Online: 207
Currently Online:
Guest(s) 3
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.95 Average - Based on 3240 Reviews

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