Mortgage application and Defaults on Credit file

Rocket1971

Just looking to see if any of you have come across this before:
Back in Jan 2009 2 defaults were placed on my credit reference file, for not making the minimum monthly payment (£80.00 paid instead of £120.00) confirmation of arrangement to pay given over phone at time but did not realise I had to wait for it in writing (which I received 6 weeks late) so out of 6 credit cards at the time 2 defaults were placed.
I have now paid off £7000.00 (original debt was £22K) and also gone back onto regular terms i.e interest being charge and being able to afford the min monthly payment.

We have sold our house and have £100K which will go towards another property, the first mortgage broker we tried went directly to Kensington which I understand is for people who have difficulty obtaining credit but my score on both experian and credit expert is 900. He told us that we could not get a mortgage for the required amount due to my defaults.
Our estate agent then said why dont you try a different broker which we have and he in turn has applied to santander for the mortgage which he has told us we have the AIP and our case has been put in their "fast track" system which takes 48 hours for approval from the underwriters.
Has anyone else heard of the "fast track" system and if so did you have a positive outcome, we have been on a absolute roller coaster these past few weeks from being told we cannot get any credit to getting an AIP for £247K (and they had knowledge of my 2 defaults)

Very confused as now just waiting for an offer and not feeling that hopeful as have been promised offers in the past that in the end amounted to nothing.

Thanks in advance

Thrugelmir

If Kensington declined your application. Then main stream lenders wouldn't be interested either.

Suggest you use the £100k to sort your debts out as a priority.

From a lenders point of view you would be considered a poor lending risk.

rising_from_the_ashes

I would also use some of the profits to pay off your debts - not what you probably want to hear.

If Kingston said "no", I would be surprised in Santander said "yes". Was a full application done by Kingston (ie is a full credit check recorded on your file) as, if so, this would make it even more unlikely IMHO.

Your credit score is only a score produced by the credit agencies - lenders all have their own criteria for lending and this score therefore has no effect on your ability to get credit.

Rocket1971

debts will be paid off after sale of this house, Kensington was not a full application so no footprint on my credit file.
Santander (so I have been told by my broker) have said we have passed the credit score and our application will be fast tracked, this is a joint application with my husband who has first class credit history.
Just very confused as even Nationwide said they would lend to us albeit not as much as we required and that was taking into account my defaults.
So even though my broker has said he has never had a fast application declined we could be for what ever reason the lender sees fit?
Don't get me wrong i appreciate I have credit card debts which are my responsiblity to clear but very confused as to what we have been told, would it make a difference with my husbands credit history or not just find it out one broker saying we cannot get anything to another broker saying with a AIP which is being fast tracked?
Thanks by the way for your comments, much appreciated