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Can't get mortgage any advice??

Tg28
Tg28 Posts: 2 Newbie
in Mortgages & endowments
Hi,

My wife and I are struggling to currently get a mortgage. We've been turned down by Santander and NatWest. We have a 10% deposit but I have a Default on my credit file for £900 dating back to 2006. We have had a mortgage before for 15 years but sold and are currently in rented.

Combined earnings are around £62000 and are looking for a mortgage of £200000.

My current credit score is 880 and my wife's 976...

Any help appreciated!!!

Thanks

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Speak to a whole of market broker
  • theoretica
    theoretica Posts: 12,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    When in 2006? Can you wait until it falls off your credit record after 6 years?
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Save more and increase the size of your deposit.
  • pukkamum
    pukkamum Posts: 3,944 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I agree the default should disappear next year perhaps just keep on saving til it's gone?
    I don't get nearly enough credit for not being a violent psychopath.
  • Tg28
    Tg28 Posts: 2 Newbie
    Thanks for the replies, will my default get taken off my credit file from date of default or when they last updated the file??

    Cheers
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Usually 6 years from default date but the creditor could apply for it to remain at any time.

    Has it been settled? Could you get a 15% deposit or find a cheaper property?
    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.
  • gandalf16
    gandalf16 Posts: 24 Forumite
    Could you not just settle it ?
    The once you have done that , get a copy of your Experian file & present it to potential borrowers & explain what happened
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