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Credit card default
beautician777
Posts: 11 Forumite
Me an my partner are looking to get our first mortgage. However 5 years ago when I was on my year abroad in uni I had a credit card default and the card was cancelled due to my sister forgetting to pay my bill. The amount £600 was paid in full when we realised. However I have been told that there is a black mark on my credit rating. I have requested an Experian report. What are my chances of getting a mortgage - we both have full time jobs - joint income of around £50k and a £20k deposit
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Comments
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How much deposit do you have (Percentage wise)?
Presuming you have a 10% minimum (preferably 15%) you should be ok. Although you might need to go via a broker.I am a Mortgage AdviserYou 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.0 -
We have 15% deposit - property is valued at £125 we are putting £20k down and looking to borrow £105k, any advice would be gratefully received. Would HSBC look to removing the default notice from my credit file0
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No, the default isnt a mistake on their side so it wont get removed.
Speak to a broker though, this should be possible. Not with all lenders, but there will be options.I am a Mortgage AdviserYou 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.0
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