Back when I was a student, I wasn't great with cash, managed to get three defaults in 2010, I satisfied one in 2011, and the other 2 this year. One was for £2500, one for £1500 and one for £600.
Fast forward to now, I have been self employed since late 2010, and have been lucky, that the business I am in has really taken off, and found myself in a good financial position. Apart from these defaults my credit record would be perfect, no missed or late payments. I have been saving, and will continue to save, and have spotted a house come up for sale at £60,000.
Savings to date total £7500, last year I took home £27,000.
Have I got any chance of getting a 10% deposit mortgage, or even a 15% one anywhere? I have been told I could possibly get a 20% deposit mortgage, but would like to avoid if possible, in case this house which appears to be a bargain, is bought essentially whilst I continue to save.
Any advice, or direction greatly welcome.
Fast forward to now, I have been self employed since late 2010, and have been lucky, that the business I am in has really taken off, and found myself in a good financial position. Apart from these defaults my credit record would be perfect, no missed or late payments. I have been saving, and will continue to save, and have spotted a house come up for sale at £60,000.
Savings to date total £7500, last year I took home £27,000.
Have I got any chance of getting a 10% deposit mortgage, or even a 15% one anywhere? I have been told I could possibly get a 20% deposit mortgage, but would like to avoid if possible, in case this house which appears to be a bargain, is bought essentially whilst I continue to save.
Any advice, or direction greatly welcome.