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Mortgage quotes/shared ownershp and adverserse credit history!( sorry lon winded)

9 replies

pinkystinky · 16/08/2007 13:29

How long are they valid from?

We are just looking into shared ownership housing, and something we are keen to do early next year.We approached a company online who said based on income they could lend XXXX amount at 8.89% , because my self and dh are discharged bankrupts and have been for 2 years.So understand interest rate may be higher!!
Just wondering is anyone else who's been the same have managed to get 100% mortgage, and who was it with?
Trying to get this interest rate down if possible, just dont know where to start!!

OP posts:
whoops · 16/08/2007 13:33

SH & I haven't got the best credit rating but have never been declared bankrupt but we managed to get a 100% mortgage.
If you get a good mortgage advisor they should be able to find something

BigGitDad · 16/08/2007 22:00

Have a look at Preferred mortgages as they tend to specialise in cases like yours but as you said your situation will mean for the next few years you will be paying a higher rate of interest.
What mortgage company was it?

LilyLoo · 17/08/2007 10:37

my dp a mortgage advisor if you want to speak to him e mail me on [email protected] and i will give you his contact details. He has done mortgages for other mnetter before.

pinkystinky · 17/08/2007 17:05

Lilyloo i have emailed you! x

OP posts:
pinkystinky · 17/08/2007 17:05

Lilyloo i have emailed you! x

OP posts:
LilyLoo · 18/08/2007 14:52

ok Pinky will let dp know and he will be in touch

pinkystinky · 20/08/2007 12:59

Thanx Lilyloo, He's just got back to me, been very helpful!!!

OP posts:
SleeplessInTheStaceym11House · 20/08/2007 13:16

dont know about 100% mortgage on shared ownership, but good luck its a brill scheme (we're now moving out of our SO and into a fully owned house) and great for getting on the property ladder!

LilyLoo · 21/08/2007 09:10

glad he could help pinky

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