Hello all,
As the title says, I'm looking for any advice you can give on banks/building societies/other institutions that would be willing to provide a mortgage despite issues with debt (involving debt collection agencies) that were only cleared up last month.
Having had positive discussions with mortgage providers in the past, myself and my partner found a property we liked, made a bid on it, and had it accepted. Our financial situation is sound; we have a combined income of around £45,000 a year, and are only looking to borrow 65% of the value of the house due to the sizeable deposit we've put together. As I mentioned, we are now completely debt free (bar overdrafts and student loans), and have been paying rent of £700 for two-and-a-half years, so affordability isn't an issue.
Barclays felt positive about lending to us, until the issue of our past debts came up. They will not lend until debts of over £200 have been paid off for three full years. Nothing we can do about that. But are there companies out there that are unconcerned about past debt as long as you can provide proof that you're able to afford a mortgage in the here and now?
Any help would be much appreciated.
As the title says, I'm looking for any advice you can give on banks/building societies/other institutions that would be willing to provide a mortgage despite issues with debt (involving debt collection agencies) that were only cleared up last month.
Having had positive discussions with mortgage providers in the past, myself and my partner found a property we liked, made a bid on it, and had it accepted. Our financial situation is sound; we have a combined income of around £45,000 a year, and are only looking to borrow 65% of the value of the house due to the sizeable deposit we've put together. As I mentioned, we are now completely debt free (bar overdrafts and student loans), and have been paying rent of £700 for two-and-a-half years, so affordability isn't an issue.
Barclays felt positive about lending to us, until the issue of our past debts came up. They will not lend until debts of over £200 have been paid off for three full years. Nothing we can do about that. But are there companies out there that are unconcerned about past debt as long as you can provide proof that you're able to afford a mortgage in the here and now?
Any help would be much appreciated.