We have a 'fine' credit rating, can we get a 95% mortgage?

Posted on 5 January 2014 by Katie

We have a 'fine' credit rating, can we get a 95% mortgage?

We are looking to apply for a mortgage in the next few months, 95 % LTV. We have no defaults but my husband and I only have a 'fine' rather than good or excellent credit rating, I think largely due to the amount of credit taken our previously, although debt is now minimal. Do you think we stand a chance?

It would be useful for one of our consultants to have a look at your credit files before going any further. A 'fine' credit score does not necessary mean a decline, however we do know that at the higher loan to value's the credit scoring is that much tougher to get through, so it's vital to know all the details and then approach the most appropriate lender.

One of our consultants, will be able to discuss your circumstances in more detail and pinpoint the right lender to look at for your situation, and then provide a suitable solution for you

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

You are currently offline. Some pages or content may fail to load.