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Mortgage with defaults?

Does anyone have experience in obtaining a mortgage with a default registered against them? Mine is four years old but hasn't been settled.

If so how did you go about it?

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    What amount was the default for?
    Any other adverse?
    How much deposit do you have saved up and what kind of property values are you looking at?
  • default is for £3000, four years old but not settled. One other settled default for £250, they are the two records on my credit report apart from my bank account which is all good, my wife andI have been looking at properties at around £170'000. My wife has an excellent credit histoy and we have a joint salary of £40'000 PA.

    Is the door completely shut due to the fact I have a default registered?
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    How much deposit do you have saved up?
  • 5k, we'd been looking at co-ownership
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