I'm self-employed. My credit history was destroyed by bank charges. I'm now after a mortgage. I have 10% deposit, but poor accounts. Advice?
My self employed income has remained quite low over the last 3 years, due to recession, but I have raised most of 10% deposit, will I be able to get mortgage with my poor credit history? What's best way to go about it? I am seeing a mortgage advisor tomorrow about a house I'm interested to buy. I am chasing banks, insurance, compensation, vat and other debts I'm owed in order to get a bigger deposit together, but what are my chances and how can I show financial advisor I deserve a mortgage? My bank has already said they would offer me help though.