I need a self cert self build mortgage for 160,000 but have poor credit.?

Question

can anyone recomend a mortgage provider i have no ccjs just defaults only 2,000 left until i am debt free and can clear them if need be. i have 25,000 cash deposit. any help would be apreciated. i live in glasgow area.

Answer 1

ring the contact number in www.moneyfacts.co.uk and ask for a complimentary copy of the moneyfacts magazine.

There are a list of companies that deal with people in your situation. Then you have to pick a company that you are happy with.

Answer 2

If you have the land, plans, planning permission and builders all lined up, most normal banks/building societies should consider you .. try to avoid the 'sub-prime' lenders (they will charge you an arm & a leg)

I suggest you visit a few of the 'self build' forums and ask for advise from people who have already done it ..

Answer 3

You should try and get a local broker to help you find a good rate. One who either does not charge a fee or charges a nominal amount, If you want to see if there is better deal than what you are being offered, go to http://www.mortgagebrokers4london.co.uk and ask free of charge if you are getting the best deal.