We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How much info do you declare on a mortgage application?
jennlx
Posts: 38 Forumite
Looooong story short: we want to buy a property but my husband has two defaults, one from 2010 or so, £300, settled. He also had a default from a loan he got in 2003 - we're not sure if its settled or not as cannot get any paperwork from the CRA/bank so is on long-term hold. (We think it's been paid, the debt that is, but that the CRA was adding extortionate fees and interest for years...). It is not on any credit reports (have checked all three). Do we have to declare all credit history, or is there a certain amount of years history they ask for? (first time buyer, well, wannabe).
0
Comments
-
Answer the question asked. If 'Have you ever had ..........' is the question then answer yes. If it is 'In the last 6 years have you ever had.............' then answer accordingly.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
-
OK, thanks. We're not even looking at property yet as we don't know if we could even get a mortgage with a high street lender. Do they usually ask 'ever' or 'last x years' or does it completely depend on the lender? We would be expecting that Halifax would be our only bet, due to the other default.0
-
With any adverse it may be best speaking to 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards