What is the law on default notices???

MrsTinks

Not really... I'm telling you what the lenders see... if his default is settled and correctly marked as such then it's not stopping him getting a mortgage. My DH has a settled default on his from 3 years ago (banks error but I can't convince husband to make the effort to have it removed *sigh*) And we've remortgaged not once but TWICE with that on his account...

So... getting a mortgage is not impossible if the default is settled.

Other lenders will see him as an increased risk because of it - I don't make those rules BTW - I'm just trying to explain them to you. His score of 800 means nothing - aforementioned husband has a score of 950... with a settled default. He also got 0% credit at one point when his rating was alledgedly under 700 - go figure.
The way forward is to pay off any debts he has, if he has none then get a credit card or two, use them a little each month and PAY THEM IN FULL so as not to incur any charges. Save the amount he'd be paying on a mortgage each month - his rent where he is now - the bigger his deposit the better the deal he'll get when he does get a mortgage.
Oh and a single missed or late payment doesn't hugely affect credit either... I have one from changing banks where the new bank hadn't put my DD in place before the old cancelled the old DD and despite making a payment over the phone on the day I got a "late" marker... my "score" is still in the high 900s... they mean less than you think.
What he needs to do is build a "history" showing that he's managing credit - especially if the only thing on his file is his old mobile phone...

Oddly - if he has no credit then his "score" will be pretty low because there is no proof of him managing credit... When young (and before I became foolish) I had fair savings and went to get a pc on 0% and was refused despite having more than that in my savings... why? Because I'd never shown I could manage credit - my files were blank.