We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Would a default affect an application for a mortgage
Options

ste_coxy
Posts: 426 Forumite


Hi I am wondering whether or not a default I picked up in 2008 would prevent me from getting a mortgage. I would be a first time buyer so I am wondering if this may also be a factor for being declined?
0
Comments
-
It will affect an application and might mean you won't get the best rates on the mortgage. Quite a few high street banks will automatically decline someone with defaults. You might need to contact an independant mortgage advisor for some advice on who to try considering your default.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards