Ok I'm a complete mortgage novice and I'm clutching a straws here.
We have found a house which has been part exchanged and the company that owns it accepted a offer of £132k when it's on the market for £145k worth prob around 150k.
Unfortunately my husband has defaults so we cannot get a mortgage with a mainstream lender. Our only hope is to get a one with a lender that will give to folk like us! ;)
Our problem is we can only come up with 10% Of 132k when they say they will only lend 80% ltv does this mean we need 20% of 132k or does it go on actual value of the property. So confused and hoping that there's some way on earth to get this damn mortgage!!!!
We have found a house which has been part exchanged and the company that owns it accepted a offer of £132k when it's on the market for £145k worth prob around 150k.
Unfortunately my husband has defaults so we cannot get a mortgage with a mainstream lender. Our only hope is to get a one with a lender that will give to folk like us! ;)
Our problem is we can only come up with 10% Of 132k when they say they will only lend 80% ltv does this mean we need 20% of 132k or does it go on actual value of the property. So confused and hoping that there's some way on earth to get this damn mortgage!!!!