Will a 5 year old default impact on me getting a mortgage?

Hi there. I am just wondering if I could get an opinion on how a five year old default for £1700 will have on me getting a mortgage. I actually had 4 defaults from the same period and have managed to get three of them removed using verious methods that have been discussed in these pages.

I would also say that I have nt missed a payments on anyof my existing accounts in the last 3 years. I have a substantial income and can put down a deposit of between 25% and 30%.

Many thanks in advance - :-)

Comments

  • PNPSUKNET
    PNPSUKNET Posts: 4,265 Forumite
    depends on the lender
  • Tixy
    Tixy Posts: 31,455 Forumite
    Settled or unsettled default?

    If its settled then some lenders probably will be okay. But others could automatically decline you or not give you good rates
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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