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Getting a mortgage with a default on your file
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duracell316
Posts: 3 Newbie
Hi
My partner and I are looking at going for a mortgage again we did have one in place before but due to the plug being pulled by the sellers we were unable to keep the mortgage due to the lender (bank) changing there points system.
we did try with other banks but didnt have any luck and think this was due to a default which was added to my credit file this year from 2007 ( which i am fighting at this time to be removed ).
We still have a savings of £25000 so would be looking at a 90% mortgage , My partner has a perfect credit file and mine has a score of 950 but with a few defaults including the one mentioned before.
Is it worth looking into applying for another mortgage or holding back and if so how long for ?
My partner and I are looking at going for a mortgage again we did have one in place before but due to the plug being pulled by the sellers we were unable to keep the mortgage due to the lender (bank) changing there points system.
we did try with other banks but didnt have any luck and think this was due to a default which was added to my credit file this year from 2007 ( which i am fighting at this time to be removed ).
We still have a savings of £25000 so would be looking at a 90% mortgage , My partner has a perfect credit file and mine has a score of 950 but with a few defaults including the one mentioned before.
Is it worth looking into applying for another mortgage or holding back and if so how long for ?
0
Comments
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Scores are irrelevant unfortunately, what is important is your actual file.
Deposit % is huge, at 90% it is unlikely with defaults you will get.
Can OH afford on own salary?
Is the default/s showing on Experian, Equifax and CallCredit?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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