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would having 4 year old defaults make a mortgage impossible?

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Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Title is fine, it's my brain not working!!

    Good luck with the application
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • eckosix
    eckosix Posts: 52 Forumite
    GMS wrote: »
    Title is fine, it's my brain not working!!

    Good luck with the application

    One last question if you have time. Is it worth trying more than 1 broker, even if they say whole of market?
    thanks again!
  • kingstreet
    kingstreet Posts: 39,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    A broker will tell you, as best he can, who will definitely offer you the mortgage you need and the best rate which he can get to do that. That's not to say there isn't a better deal out there for you. It's just that it will be risky to try, as each search on your credit file leaves a footprint other lenders can see. Too many searches is not a good thing!

    I'd sit down with the broker and discuss possible alternatives at a closer to high street rate before deciding on a course of action.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • eckosix
    eckosix Posts: 52 Forumite
    all the replies are very much appreciated!
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