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Barlcays Mortgage Deafult 19/11/2010
MysteriousMoon
Posts: 27 Forumite
I went to get a Mortgage with Barclays but got declined because of a default £479 pounds on 19/10/2010.. its been settled but on my report now. Barclays criteria says that a default over 3 years old is ignored.. does this mean on the 19/11/2013 I can go for a mortgage?
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Comments
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It does not mean you will necessarily pass credit score in November 2013. It just means that factor is no longer an issue.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 but that was the only issue that barclays had with me and they said they dont pay attention to defaults after 3 years xx0
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But the default will still have a detrimental effect on your "overall" credit score.
I would be surprised if the date arises and this changes to a pass from a fail.
Any reason you have to use Barclays and any other details on your case and there may be options nowI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
They said my credit history with them was perfect I have amazing credit with them, its just that deafault. He said to apply next year xx who else can I use?0
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Unfortunately it is not as simple as me (or anyone) throwing you a load of lender names as not the way it works.
What % deposit do you have?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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