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Mortgage, Default & Natwest
Samwaydors
Posts: 34 Forumite
Hi
I am currently looking at differenet options, as I have just obtained a copy of my credit file and have found I have been hit with a default for £40 from a mobile phone company (Apr 13) Default is now satisfied. I know I am going to have problems getting a mortgage next year, but wanted to know honest opinions as to what my chances are:-
I have banked with Natwest since I left school @ 20 years, already had one mortgage with them and paid that off (no missed payments) had a £5,000 loan with them too (balance outstanding £1,500 and no missed payments) Deposit for mortgage is in Natwest Savings Account.
I only got our current mortgage with Santander as they offered me a better rate. This is the second consecutive mortgage I have had with Santander (no missed payments), loan with them for £10,000 repaid in full in February this year (no missed payments)
An otherwise relatively clean credit report, I am paying off the balances on my credit cards £1,000 on one and £2,000 on another.
I am looking at buying a house for £200,000 and will have a £30,000 deposit. Now, with this default is it worth trying to contact either of these banks directly as they know my finances and history or shall I just head straight down the broker route.
Do you honestly think that I will be able to get another mortgage ???? Feeling so anxious and frustrated at the moment, and just wondering whether it is worth waiting another year rather than put myself through the stress :mad:
I am currently looking at differenet options, as I have just obtained a copy of my credit file and have found I have been hit with a default for £40 from a mobile phone company (Apr 13) Default is now satisfied. I know I am going to have problems getting a mortgage next year, but wanted to know honest opinions as to what my chances are:-
I have banked with Natwest since I left school @ 20 years, already had one mortgage with them and paid that off (no missed payments) had a £5,000 loan with them too (balance outstanding £1,500 and no missed payments) Deposit for mortgage is in Natwest Savings Account.
I only got our current mortgage with Santander as they offered me a better rate. This is the second consecutive mortgage I have had with Santander (no missed payments), loan with them for £10,000 repaid in full in February this year (no missed payments)
An otherwise relatively clean credit report, I am paying off the balances on my credit cards £1,000 on one and £2,000 on another.
I am looking at buying a house for £200,000 and will have a £30,000 deposit. Now, with this default is it worth trying to contact either of these banks directly as they know my finances and history or shall I just head straight down the broker route.
Do you honestly think that I will be able to get another mortgage ???? Feeling so anxious and frustrated at the moment, and just wondering whether it is worth waiting another year rather than put myself through the stress :mad:
0
Comments
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broker route is bestDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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