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!
Mortgage and credit file
Mrstickle
Posts: 53 Forumite
I am not sure if the folloing will be an issue with a mortgage application. I am just waiting for my credit file to be updated with an alias - my maiden name after getting married last year. A the moment only accounts in my married name appear.
We are about to apply for a mortgage and as far as I am aware have a completely blemish free record apart from one potential issue. Wonder if anyone can advise?
A couple of years ago I had one late payment on a virgin credit card after I did a balance transfer. It was late because I assumed a direct debit I had previously set up was still active. It wasn't but when I complained when I got the statement, I immediately paid it, they refunded the late payment charge and reinstated the 0% rate they had removed because I had defaulted, as they said it was fair for me to assume the direct debit was still active.
My query is if this is likely to show as a default on my report and therefore affect a decision? The credit card has since been cleared and closed. No other debts and a 25k deposit.
Can anyone advise?
We are about to apply for a mortgage and as far as I am aware have a completely blemish free record apart from one potential issue. Wonder if anyone can advise?
A couple of years ago I had one late payment on a virgin credit card after I did a balance transfer. It was late because I assumed a direct debit I had previously set up was still active. It wasn't but when I complained when I got the statement, I immediately paid it, they refunded the late payment charge and reinstated the 0% rate they had removed because I had defaulted, as they said it was fair for me to assume the direct debit was still active.
My query is if this is likely to show as a default on my report and therefore affect a decision? The credit card has since been cleared and closed. No other debts and a 25k deposit.
Can anyone advise?
0
Comments
-
Off memory you have a 15% deposit, the 1 missed/late payment wont be a problem, especially as its from quite a while back.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
-
I have just had my mortgage formal offer and I had 2 late payments. I wouldn't worry
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards