Can I get a mortgage with a bad credit rating?

[angelic]

A few years ago I landed in some financial difficulty which resulted in my credit rating going from Good to Very Poor. I have been on my own Debt Management Plan for 2 and a half years now, without missing payments.

My problem is that I am hoping to buy a house now with my boyfriend, however I think my credit rating will stop us from doing this! We can certainly afford the mortgage and oustanding debts with our joint income, but I'm worried they will look at my credit rating only rather than the full story.

Does anyone know of a good reputable mortgage lender who will look at the facts rather than make a judgment based on credit score only?

Many Thanks

Joanne

[noodledoodle]

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

I have pmed you some details.

[Beakermeep83]

Can you send me some details as well please noodle?

[mistie]

sent you a pm as well.

[moora moo]

Are you able to send me some details to??? I'm looking to get a mortgage later this year..but have the same problem with my credit rating

[kfdh1962]

Originally Posted by angelic

A few years ago I landed in some financial difficulty which resulted in my credit rating going from Good to Very Poor. I have been on my own Debt Management Plan for 2 and a half years now, without missing payments.

My problem is that I am hoping to buy a house now with my boyfriend, however I think my credit rating will stop us from doing this! We can certainly afford the mortgage and oustanding debts with our joint income, but I'm worried they will look at my credit rating only rather than the full story.

Does anyone know of a good reputable mortgage lender who will look at the facts rather than make a judgment based on credit score only?

Many Thanks

Joanne

the answer is yes, although generally not with the main high street lenders. You will generally end up paying a slightly higher interest rate as i have had to do.

[angelic]

Thanks all for your advice and the pm's.

We will be looking into it over this weekend so fingers crossed something comes up!

Joanne

[Mushymoo26]

Please pm the details as well

[spinningfish]

Noodledoodle, please could you PM me too?

Much appreciated...

Mr Fish

[payingonlyencouragesthem]

I have over £70k in defaults and have just had two mortgage offers at near prime levels from brokers advertising in Exchange and Tart. I am not in a debt management plan and am not paying anyone anything.

[tote alley stressed]

noodledoodle - can you pm me too please? Don't know what pm is but need some advice.

[Stornoway]

Originally Posted by payingonlyencouragesthem

I have over £70k in defaults and have just had two mortgage offers at near prime levels from brokers advertising in Exchange and Tart. I am not in a debt management plan and am not paying anyone anything.

Hi Paying .....

Can I ask what type of tie in period is on the mortgage offers i.e. if you repay within the first year what level fo penalty do you have to pay ?

Cheers

[payingonlyencouragesthem]

None whatsoever.they are plain simple mortgage offers.

[Bigmac versus]

Must be an ERC on it.

[caguser]

Hi, could someone please mail the details to me also? Thank you very much.

[blod]

Can anyone send me the details or maybe post them. My gf and i have just been offered a lot less than we can afford due to our "low" credit score.

Thanks

[barbs26]

Could someone also send me details also, would be appreciated alot,thanks in advance.

[Jockney29]

Hi there, hope you are well. I have just signed up today and was looking at your post about getting mortgage whislt on a Debt Management Plan which is the case for me. My Boyf is hassling me to get on the mortgage with him but I keep avoiding because I am unsure what to do, boyf does nt know situation.

I would be most grateful if you could help e. Many thanks for your time

[Multay]

Hi,

I wouldn't mind knowing the dtails too if you don't mind...

Many thanks...