The mortgage market is changing with confidence coming back and lenders offering 90% loans to value (subject to... etc).
But if you're in a repayment arrangement on your credit cards and have defaults registered on your credit file, you can't get a mortgage, right? Wrong!
When meeting with clients, I take a holistic view, including their future financial aspirations. I have a number of clients, where the strategy included them becoming homeowners (either first time or again). Good news. Despite defaulted debt, they have been able to secure mortgages (which have often been lower than the rent they were paying). A fantastic result for the client - achieved by having expert advice, and using a mortgage advisor.
