Large mortgage & small default

kaznelson

Hi, we are looking at moving up the property ladder. We need a 80-85 percent mortgage on a £350k property.

My credit file shows a default of £100 last year for a mobile phone provider. I also have 3 late payments due to a dispute with our electricity supplier. Shall I apply for a mortgage with our current provider or a broker? What are the chances of getting this through?

Thanks

GMS

Which lender are you with now?

Probably one for a broker this. Be careful of who you apply to as rejections will harm credit score.

ACG

When was the default and late payments dated?

kaznelson

Default was 12 months ago, late payments a couple of months ago

amnblog

This is place able but get some advice.

You have issues on your credit file that will lead to a refusal with some lenders so don't make matters worse by cluttering up your credit file with unnecessary credit searches.