How can i get a mortgage with bad credit history?

when i was younger i messed the bank up but now im a sensible grown up and want to get a mortgage pls help meHow can i get a mortgage with bad credit history?
Were you able to settle all the debts you've had in the past. If not, this would be not possible. I think you should have a debt consolidation loan first to pay out all of your debts then get involved in debt management programs provided by some institutions. This would really help you out.How can i get a mortgage with bad credit history?
Uk answer: This will depend on the current state of your credit report, and you're never too old or yound to improve it! You've left a lot of information out, so here are a few articstic assumptions to illustrate the point;


For example, say you defaulted on an HSBC bank account when you were a student 10 years ago, entered into a repayment plan with a debt collectors and paid it off in full 7 years ago (not an uncommon situation). This would no longer appear on your credit report and the only bank that would be aware of this would be HSBC - so applying to one of the main mortgage lenders should not be a problem.


Have a look at your credit report - you can get it online straightaway at http://redo.me.uk/freecreditreport


Bear in mind that 100% deals no longer exist (only a few years ago they'd happily advance you 125%) and 95% deals are only for the absolute best credit customers. Expect a 15% deposit as a minumum. If your credit's not perfect, you could pay 1-2.5% more as an annual percentage rate. Put down a 25% deposit and you're likely to get nearer the mainstream rate.


If you have relatives with savings, consider accounts offered by some building societies (such as Kent Reliance) that can secure part of your mortgage against those.


Good luck
Depends on how long ago and just how bad your credit is. You didn't offer much information. Assuming that you've had at least 2 years of steady employment and positive repayment history then you're on the mend and although you'll likely have higher interest rates to pay, you may stand a chance.





On the other hand if you've grown up but haven't actually repaired your credit you likely won't qualify for a mortgage or not on your own anyway. Just make sure your credit and finances are on the up and up and contact a broker or your local bank for more details.
Be prepared to pay a HUGE down payment, for one. Rent-to-own may help, but other than that, you need to get a copy of your credit report from each of the three major reporting companies and start working on repairing your credit score. The three main companies to contact are Experian, TransUnion, and Equifax. You are entitled to a free copy of your credit report each year, so don't go through the places that will charge a fee - they are basically a rip-off.





If there are any unpaid collections on your credit, pay them off. Better late than never. If there are errors, contact the credit reporting agency and they may will investigate the error. You can also put your own statements into your credit reports, to add your own explanations, if you want.





Banks are very careful as to who they lend to now, so you might have to work a bit before you apply for one. Check with people in the industry who may be able to point you in the direction of places that can help you - like your real estate agent. Also check with Rural Development (a government agency), FHA, and HUD.





I used to run the credit department of a major retailer, and have bought and sold a few houses over the years.
Banks are requiring even more from buyers now than in the past few years. Your best bet may be to do a lease option for a time while improving your credit.





Converting to owning after leasing may be easier because a lender often times takes into account your 12 month payment history with a lease and may consider a re-finance rather than a new loan.





Read about leasing, credit repair and obtaining financing at http://www.KarensPerspective.com
Go to a mortgage broker, be honest, explain your position and see if they can help. If you do succeed in getting a mortgage it will almost certainly be at higher rate of interest because of your poor credit history.
not to sure if you can, maybee as you was younger you might be able too not sure,
You probably will find a mortgage with bad credit, but be warned you will pay a VERY high interest rate!
try the loansharks or the mob. you have no chance with banks and other formal lending institutions.
you cant
You could vote for Obama for president and have him make it so anyone and their mother can get a mortgage!





Oh wait....