Likelihood of acceptance Christhesparky

#1
Afternoon ladies and gents,

Could any of you give me an idea of whether We would be accepted for a mortgage,



85% ltv required on £150000 property

Combined income of £55000



Unfortunately I have a satisfied CCJ and 2 defaults from 3 years ago, however my wife's credit history is good.



Should we see an independent financial advisor, or try halifax who we both bank with?



Thanks

#2
Are the defaults satisfied?

Halifax may not be a bad shout, but I think a broker would help your chances. Its a mortgage advisor you would probably need not a financial advisor.

#3
Thanks for your reply, defaults are outstanding, but are in the process of being repaid.



Would a local mortgage advisor be beneficial, or would an estate agents be just as good?

#5



defaults are outstanding, but are in the process of being repaid.

Originally posted by Christhesparky


How much were the defaults for?



When you say in the process of. Are you paying them off in installments under an arrangement to pay. Or settling now partially or in full.

#6
I'd suggest an independent mortgage broker too. They will have access to products from many different lenders and will have a good idea of who will accept your credit history.

#7



How much were the defaults for?



When you say in the process of. Are you paying them off in installments under an arrangement to pay. Or settling now partially or in full.
Originally posted by Thrugelmir


One default for £400 the other for just under £3000, currently being paid in installments

#9
Some of the larger corporates are classed as whole of market, but they have a smaller panel of providers. As an example I think the largest corporate has around 16 lenders on panel - by comparison, I have access to 40-50 plus.



If a broker works for/with an estate agent, who are they going to be looking after the most? A one off customer or someone who pays their wages?



Again, the corporates tend to be heavily targeted for sales. Are you going to get best advice from someone under pressure to sell?



Lastly, most experienced brokers started either for a bank or an estate agents and then leave once they have the experience.

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