Mortgage Advice

Barnie_82

Next year im looking to get a mortgage will have around 25-35k to put down and need another 75-85k, earnings around 30k before

now the bad bit, 3/4 years ago i defaulted but settled, i actually done this on 2 cards but only one shows up on my report, still have the Barclay and it only shows 3 years worth of data and shows ive been good (not sure where the rest is) the nat west has a big [8] plumbed next to it

all other phone and store cards have never missed, currently 4 mobile contracts but going to one phone contract (dont ask)

everything else is pretty good on both experian and equifax bar 1 default, equifax show settles in 06 and experian 2007 although thats last updated

how much of a issue is this one problem going to be, am i going to be tainted for the next 3 years for this 4 month period of my 28 year life

would a broker be better off searching and applying, experian do show mortgages i could possibly get with my rating but that's based on score and not the default itself.


cheers for any advice

Barrie

herbiesjp

Barnie_82 wrote: »

would a broker be better off searching and applying, experian do show mortgages i could possibly get with my rating but that's based on score and not the default itself.


cheers for any advice

Barrie

Yes I think a broker would be best, given the default situation - you have 2 although only one shows.

How much were they for?

Don't go by what Experian says you can get as a mortgage, as lenders use their own scoring systems to agree mortgages, and as you rightly say, does not take into account the default/s.

Barnie_82

yes barclay took my card off me after several failed payments, i paid it off over several months with a debt agence and then they sent it back for being good with a higher credit limit some time later when i got to around £250

they have actualy raised it over the last few years,

default with natwest was for £1500