First time buyer help/advice needed please?

DJM1972_2

Hi

Wonder if you could advise if I would get a mortgage in my current circumstances?

Myself and my girlfriend have respective credit scores from Experian of 899 and 949.

Our combined annual income is £38,000.

I work in local government, and have done so for 7 years and my girlfriend has just started a new job this week, but has had no breaks in employment since leaving school.

My concern is that I currently have a 5 year old satisfied default on my credit file, my girlfriends credit file has no adverse information.

I have a 36 month loan with Welcome Finance, have missed no payments since inception and have 12 months remaining to pay at £166 per calendar month - this is our only debt.

We have seen a property valued at £128,000 and would be able to put down a 10% deposit, in the current market - would we be able to secure a mortgage?

Thanks in advance

herbiesjp

How much was the default for?

How did the default come about?

Was it satisfied 5 years ago? When was it registered?

Do you have an up to date copy of your credit file?

DJM1972_2

Hi

Thanks for your response - I've updated below.

How much was the default for? £1828 - I've benn advised by the creidtor that if I pay £47 this would make the default 'settled' - dont know if this would help or not

How did the default come about? excess charges on an unpaid credit card in 2005, the debt was passed to an external collection agency

Was it satisfied 5 years ago? When was it registered? satisfied in Oct 2008, registered in Feb 2005

Do you have an up to date copy of your credit file? Yes

Thanks