Can I get a mortgage with a bad credit rating?

[starz 61]

Me too pretty please... Thank you.

[verycatchy7939]

got 3.5 k mortgage arrears with capstone/SPML and i been on a suspended possession order for a year.I was asked by them if i was interested in capitalisation of my arrears to witch i said yes. Got a letter on Saturday saying the were not going to do it even though they suggested it.Is there anyway i can make them do it.I am so mad as they offered me something and have now gone back on it.I thinking of making them do a S.A.R - (Subject Access Request) on my account and any erroneous charges i going to get back.Is this possible and can anyone help please i getting to wit's end. I come off my fix deal and i on LIBOR plus 4% and i can get a re mortgage in he current climate.I only got in to arrears due to my self having testicular cancer, did they listen or help no.........wished they gone down with Lehman bros.I been working a full year now and i am fine but hey wont seem to help.Any ideas or help will be appreciated

[VICKIHUM]

I am in the same position - I have DMP which I have never missed payments on partner has excellent credit rating - he wants us to buy somewhere and I was wondering if there was any way of me being on the mortgage too? We can afford both the mortgage and debt - any advice welcome

[Gek1965]

I am in the same position - I have DMP which I have never missed payments on partner has excellent credit rating - he wants us to buy somewhere and I was wondering if there was any way of me being on the mortgage too? We can afford both the mortgage and debt - any advice welcome

 

 

I am in this position as well. My partner is on DMP but my credit rating is perfect. I also have debts but they will be finished in 2 years. Together we earn enough for the repayments and our parents have agreed to lend us the 25% deposit we need.

 

My question is the same. Would any lenders consider us? By that I mean serious lender with a competitive rate.

[Lilythepink]

I am very interested in this thread, as I got a remortgage with the Chelsea, but they have now changed their criteria and will not lend to anyone with adverse credit. I need a very small amount of additional borrowing, but am now stuck with the Chelsea, I am looking for a change to another provider, but as I live in Northern IReland, it seems to be a very small market, and I have been advised to look on the internet, but there are that many bad deals out there, I need good advice, and I know I will get that from all the other forum members.

 

Any advice:)

[jake44]

We are with redstone at present and the payments are actually in advance. We have a credit score of 789 most defaults ready to drop off this year. 2 ccj's satisfied 2007 . Problem is we are looking to purchase new car but finding it hard to get the loan for it. We are considering doing it through our mortgage. I know that redstone cannot lend any more money , But if at a last resort woulod we be able to secure a loan on the property ?? Interest would be so much cheaper. Wasn't sure if we could do it as they are just administrators for the mortgage.

[kimbers0501]

Hello

 

thank god for forums like this as i feel physically sick at the moment with worry i am currently on a debt management plan and have been for the past 12 months with no missed payments. I am however looking to get a mortgage with my boyfriend in the next 6 months. We will have a deposit of around 10% (courtsey of boyfriend), do you think we will have issues with my credit rating? will my credit rating be affected if payments are being met but are obviously lower?

 

please can someone help put my mind at rest?

 

thanks in advance

[geoffthechef]

every one of these poor people who asked in 2007/8 must now be in negative equity..why....because getting your own house is a national obsession but people are now finding out the true cost...how sad..

[geoffthechef]

Hello

 

thank god for forums like this as i feel physically sick at the moment with worry i am currently on a debt management plan and have been for the past 12 months with no missed payments. I am however looking to get a mortgage with my boyfriend in the next 6 months. We will have a deposit of around 10% (courtsey of boyfriend), do you think we will have issues with my credit rating? will my credit rating be affected if payments are being met but are obviously lower?

 

please can someone help put my mind at rest?

 

thanks in advance

 

you will need 20% deposit and a exemplary record for a lender to touch you....save and save and let the market do its work while you are..

[Lilythepink]

I used the website moneysavingexpert.com and then asked for London and Country Mortgages to ring me back. They were just wonderful. I have about 50,000 in credit card, loans etc and am on a dmp. They found me a remortgage with Abbey.... and we are in the process of getting the funds;)

[roscoman]

Please can u pm details please as i would like to try them.

[zander]

Each case on it's merits. All lenders are lending on their own affordability calculators and will deduct any outstanding balance on c/cards, loans from this as well as different underwriting proceedures.

[atmywitsendiam]

I don't suppose anyone knows if there's any lenders out there doing 120% - I need to buy out the ex and we're in negative equity?

[Lilythepink]

Go to moneysavingexpert.com, and their links took me to Motley Fool.com,and from there I got London and Country Mortgages, the broker there was great and talked me through it over the phone. I have 6 defaults on my credit rating, and thought I was hopeless, but the Abbey have said Yes..... Good luck

[atmywitsendiam]

Thanks Lilythepink, I'll try them tomorrow and see what they say. Its got to be worth a shot!

[Lilythepink]

good luck,and I am sure you will find something.....

[atmywitsendiam]

Ah well, that answers that question - many phone calls later to otherwise charming people full of interesting advice....no one will lend more than 90%, so trying to think of more creative solutions.

 

Thanks for the advice though

[Lilythepink]

would your other half, not take a reduced payment???? No maybe not. Will keep thinking.... of any other way.

[callsignCharlie]

could any one let me know of any broker/lender that deals in self cert mortgages? ive got 3 old ccj's and a terrible credit history (about 3 years ago) but, i now have a 25% deposit, can anyone advise me where to go? xx

[verycatchy7939]

i would go to one of the good brokers like John Charcoal or i used a guy who helped me with a similar problem Russ Titmus his number is 07976365818

[Lilythepink]

Try London and Country Mortgages, they helped us out, and we both have bad credit ratings....

[natlani]

Short answer is yes - I was able to do it as well.

 

I have pmed you some details.

 

Hi, please can you pm me too?? Thnak you as I am in exactly same situation but expecting!!!

[natlani]

Try London and Country Mortgages, they helped us out, and we both have bad credit ratings....

 

Those folloish people want 20% deposit! Tried them!!!

[natlani]

Go to moneysavingexpert.com, and their links took me to Motley Fool.com,and from there I got London and Country Mortgages, the broker there was great and talked me through it over the phone. I have 6 defaults on my credit rating, and thought I was hopeless, but the Abbey have said Yes..... Good luck

 

L&C said no to me because I only have 15% deposit

[natlani]

Go to moneysavingexpert.com, and their links took me to Motley Fool.com,and from there I got London and Country Mortgages, the broker there was great and talked me through it over the phone. I have 6 defaults on my credit rating, and thought I was hopeless, but the Abbey have said Yes..... Good luck

 

WOW really Abbey said yes with 6 defaults congrats, how old are the defaults if I may ask?