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
Mortgage with 4 defaults?
Avatar
TheWhales
1 Posts
(Offline)
1
29/06/2021 - 1:16 pm

Hi. Bit of a premature question, me and my partner will be looking to buy a home at the end of next year or a bit later. We have a combined income of around 35k and a house in the area we want can be around 130-160k. We will comfortably be able to get a 10% deposit. The only issue we have is i have 4 unsettled defaults on my credit file, they will all be over 3 years old by summer next year and they total around 1300. Im just wondering if it is possible to get a mortgage with my situation? My partner has a great history and mine is looking good recently besides those defaults. I can also pay these defaults off but not sure whether unsettled or settled makes any difference, been recommended this site by a family but scared i would be wasting time saving up for something impossible. Thanks alot

Avatar
Hayley@simplyadverse
161 Posts
(Offline)
2
29/06/2021 - 1:16 pm

Hi,

It is difficult to know what the lending landscape will look like in the future, but I’d say there is a fair chance of this being achievable

15 percent would give you a much better chance but I certainly don’t this is impossible to achieve

It is obviously imperative you don’t have any more recent missed payments or worse and your bank account conduct is well managed

Best of luck

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
Allison79mw: 11
walt46: 11
ashley_987: 10
Redpanther89: 9
nursek: 9
Fiona951753: 7
RussH: 6
ERG005: 6
Newest Members:
vdareblue
Danawes
SrejdnMag
Davidsek
PatriotQuada
pereezdGak
RobertBeato
AnthonyNes
Michaelbit
FrancisNoify
Forum Stats:
Groups: 1
Forums: 12
Topics: 165
Posts: 581

 

Member Stats:
Guest Posters: 0
Members: 1210
Moderators: 5
Admins: 3
Most Users Ever Online: 207
Currently Online:
Guest(s) 11
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.95 Average - Based on 3296 Reviews

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