Looking to get shared ownership to get out of this renting ****. My agency called me today to say landlord is selling the house halfway through the contract!!! Any advice on my options? (i think i have a few already). (i also have poor credit history from some years back but good relationship with my current bank - just to mix things up a bit) anyone still sober?...
go to an independent advisor they have better deals than the banks directly will also sort out your credit etc
how do you mean sort out my credit? i've read loads on various ways but none other than build thorough using credit moderately..
meant history obviously you mentioned your credit history was poor, if there is a way around it the advisor will know. its money for them credit history is a weird thing, some people with debt can get credit easier than someone who hs never owned a credit card etc bit more complicated than that but true never the less
do you have any examples of advisors because i might (with the house auction in two weeks) have to act quickly. many thanks
They won't lend to anyone who is not squeaky clean. Squeaky clean is someone who is just on the electoral roll and has no other credit history - but is not someone who has paid off 15 debts succesfully but has a defaulted £30 quid mobile phone bill from 4 years ago. Apart from that 20% down payment is the norm if you were to get a normal interest rate. It really is impossible for an average person to get on the market without outside help these days.
they are littered about in most towns and cities, difficult to give specific example as you are in South London and many are independent estate agent might be able to advise What I would do is pick one go see, they will have the best deals etc and then even may be approach the bank/building society they recommend directly As I say though generally they have the better deals as it saves the banks etc time Also dont ignore the smaller building societies if you have any, I remember Brittania offering some excllent deals in stoke
tbh mick if your credit history is crap due to defaults etc you are right but if you have no credit history, as in never had a loan, credit card, catalogue etc then your credit score can also be low and held against you
Exaggerate about your income and the banks will throw money at you, that's the way it used to be anyways not sure about these days.
I was a teenage parent on about 12k a year and Northern Rock lent me about 10 times my wage because I bluffed I was a part time DJ earning twice my wage. Good old Northern Rock and not looking into your actual real finances
