Bad Credit - will I get a mortgage?

dab | 22:23 Mon 17th Apr 2006 | Business & Finance

2 Answers

Last year i put my debts over to the Consumer Credit Counselling Service. I own 25% of my home on the Shared Ownership Scheme - what are my chances of getting a mortgage to buy 100%?

lc & tc

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flipflop104

If you have defaults on your debts you may get a mortgage but on a higher interest rate than most banks will offer - CCCS would be able to help you out with a mortgage lender.

If you've been declared bankrupt - I would say, you've no chance!

itsallyellow

Have a look at www.mquk.co.uk.

I was made bankrupt 3 years ago and they have manged to sort a mortgage for myself. Though flip flop is right the rates will be higher for the first 2 years.

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