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Mortgage with a bad credit history
What_a_Shocker
Posts: 4 Newbie
I'm looking at buying a new house at around 150k at no more than 75%ltv. Income is 25k partners is 6k. Will be a joint mortgage. Here's the problem, I have defaults from over 6 years ago that were never settled. They no longer appear on my credit file but could they come back to haunt me? Am I blacklisted by other means. Money owing on the defaults was in excess of 10k. Current CRA scores are excellent. Any input much appreciated
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Comments
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Get copies of all three CRA reports, if you can't see any problems there then neither can lenders.
Consider applying for a mortgage from a company you havn't had any previous past unpleasantness with. Some companies will keep their own records that may go back further than 6 years."Killing Jesse James don't make you Jesse James"0 -
Cheers. That's what I was thinking! Do they share info other than through the CRA's? Are capital one and hsbc related at all?0
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As above, over 6 year old defaults at 75%... getting a mortgage should be fine.
The only time it may cause problems is if you owe money to the mortgage lender of choice.
I dont think capital one are part of HSBC.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
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