Can I get a mortgage

hothotsun

Hi if someone could help that would be great.

With the exception of a default on a credit card which I got last August and I settled fully in June of this year. My file is otherwise clean. I earn 30k a year.

I have seen a house for 120k and would like to put down a 30k deposit, what are the chances of me getting a mortgage?

Thanks

kingstreet

Size of default, date of registration, date of satisfaction and reason.

leighlaz

It will be a bit tricky, your best bet is to go to a broker and discuss the situation. Although you settled the credit card fully the default will stay on your credit file for 6 years.

When apply for a mortgage your file will be checked and some lenders are extremely picky regarding defaults.

You wont know until you try though, so best of luck

hothotsun

£1400 default registration date 01/08/2012, settled fully June 1st 2013.
Legal costs had to be paid off which caused me to neglect this.

kingstreet

The size and the gap between registration and satisfaction will put off some lenders, but with an otherwise clean credit file and a 25% deposit, there will be options open to you which you'll find more quickly by talking to an independent or whole market broker.