Anyone used Mortgage Taylors Ltd?

Crashandburn

You may want to rethink about paying the default off. Sometimes you see it reactivated on your credit file and lenders view it as a knee jerk reaction to getting a mortgage ie its just been cleared in the weeks building up to your application for mortgage finance.

No reason why with that deposit and those historic defaults that it wouldn't be agreed with the first lender tried. Just advise whoever you are dealing with the dates and amounts of the defaults.

As for the fee, most have a fee scale of up to 1% on their initial documents. Just make just agree the figure prior to application.

jennyc85

hmm I see what your saying.. but i'm just trying to be as honest as possible, as I only discovered the debt when I came to look at mortgages and thought to check my credit file. If I had sat quiet for another couple of years it would probably have dropped off my credit file but I would rather be honest and get it paid off.

Another quick question if anyone knows the answer... am I better off opting for a lender who searches experian or equifax? i.e. which is worse, the satisfied ccj for £600 or the default that i've just started paying off for £1600? Thanks!

Crashandburn

As for the credit files, I would say it doesn't matter. Some lenders use one for the initial score and then check the other afterwards.

As soon as you say on the application that you have the CCJ and Default , I would say the high street lenders will say no. A smaller building society might look at it on an individual basis but the rest of the case would have to be strong.

As for which is worse, I would say whatever is the most recent! That's how lenders will view it. The longer it is in the past, the more chance of ignoring it.

It will get agreed on the figures you have provided. Key will be seeing how close to rates of 4% you can get.