Default with Nationwide - save to buy?

lindsaygalaxy

While going through my credit files (I am also a discharged BR - 6 years this year) I have found a default from Nationwide for £58. An account I had open with my ex and he looked after (stupid I know). He said he had closed it all when apparently he hasnt! It is 4 years old.

If I pay it, would it make a difference and give us the possibility of Nationwide for a mortgage?

Thank you for your help.

kingstreet

Not possible to say, IMHO.

Only a DIP would tell you the answer. With a bankrputcy and a default to the lender concerned, I wouldn't rate youR chances.

Especially not if you are looking for 95%.

lindsaygalaxy

we would be looking for 90%

kingstreet

Other lenders offer 90%, so I'd perhaps think about them, particularly if you never defaulted on one of their accounts.

As I said, if you particularly want a Nationwide mortgage, you could have a go at a DIP with them and see how you get on.

Avoid the temptation of trying to hide the bankruptcy. Although it does not show on your credit file, it will still be picked up by the solicitor's search later on in the process.