Mortgage advice please

Rob_Jones_2

Good afternoon everyone,
Me and my partner went to her bank (Halifax) last week to start the ball rolling with a mortgage for a house we have seen we like, After assessing our income and doing a credit check we were given a mortgage in principle so we signed for the house, After doing a little reading on this message board over the past month or so i thought it would be a good idea to do a credit check with Experian as its free anyway for the first 30 days i thought i have nothing to lose, After checking it i had 8 credit accounts all up to date and paid but i had one default which was marked as "settled" i know this default is from when i was a student and was paid off as soon as i was in full time employment.

My question is the Halifax have already done the credit check and said everything was fine and they were able to offer us a mortgage in principle pending a valuation of the property and a letter from both our employers confirming we work for them, so should i mention the default to them or just let "sleeping dogs lie" so to speak when they do the full application.
My partner has been with halifax all her life and has around 8k in her basic account and 3k in her savings account so they know she is a good saver and has a regular income with no debts etc.

Just to give you all a better idea the property is £158k we have a 24k deposit and our annual earnings combined are just over 40k minus bonus, overtime etc.

suzy83

Rob_Jones wrote: »

Good afternoon everyone,
Me and my partner went to her bank (Halifax) last week to start the ball rolling with a mortgage for a house we have seen we like, After assessing our income and doing a credit check we were given a mortgage in principle so we signed for the house, After doing a little reading on this message board over the past month or so i thought it would be a good idea to do a credit check with Experian as its free anyway for the first 30 days i thought i have nothing to lose, After checking it i had 8 credit accounts all up to date and paid but i had one default which was marked as "settled" i know this default is from when i was a student and was paid off as soon as i was in full time employment.

My question is the Halifax have already done the credit check and said everything was fine and they were able to offer us a mortgage in principle pending a valuation of the property and a letter from both our employers confirming we work for them, so should i mention the default to them or just let "sleeping dogs lie" so to speak when they do the full application.
My partner has been with halifax all her life and has around 8k in her basic account and 3k in her savings account so they know she is a good saver and has a regular income with no debts etc.

Just to give you all a better idea the property is £158k we have a 24k deposit and our annual earnings combined are just over 40k minus bonus, overtime etc.

Hi, im in a similar position.

Me and my partner are going seeing a IFA this week to sort out mortgages etc. However, i am concerned that we will get rejected because of my credit history from my past.

When was the default?

Rick62

As you say, they have done a credit check, so probably know about the default. You don't say how long ago it was nor the amount. If more than 3 years and fairly small they would not be too bothered anyway (although generally lenders are much tighter on credit scores than they used to be).

I think no need to make a big deal about it, if they specifically ask then be honest, but they should know and obviously think it is minor or are happy with your overall situation.

Rob_Jones_2

It was for £1000 in 2004, i paid it as soon as i knew i had the debt which was in Aug 2008 (it was left so late due to the letters were being sent to my university address, which i had moved out of in 2004), i could have left the debt i suppose for to drop off after 6 years but i dont agree with not paying debt. I have kept the proof of payment to show the Halifax