Partial Settlements Paid on All Debts - how long before I can get Mortgage?

nathan4473

High income earner £80k+.
Roughly £40k in cash and want to get a £250k mortgage.
Only just paid partial settlements on all bad debts dating back to 2010.
Poor redit rating of 431.
How long before I can get a mortgage?

Thank you very much to anyone that responds - I appreciate the support.

Tixy

Usually around a month, could be anything from a couple of weeks up to a couple of months.

Generally creditors up date once a month to the credit reference agencies but it would depend on when your payment was credited compared to what date they do their update/

Tixy

What does your credit file show? do you have defaults dated in 2010.

Really you need to wait until your debts show as settled and then take a copy of your credit file to a independant mortgage broker so they can advise whether a subprime mortgage lender would consider lending to you considering the defaults and partial settlements etc. But you might find they consider that LTV high if you have defaults on file.