Will we get a right-to-buy mortgage with 1 default on file?

natt_2

A few months ago we applied for the right-to-buy our council house. We have been accepted and had our home valued. Today we got the price our landlord wants us to pay....£39,270. Very pleased with the price so have started to look at mortgaes. Problem being last week I applied for both mine and my husbands credit files. Husbands is fine but mine has a default from a catalogue company for £781. it is recorded as defaulted from October 2009.


Does anyone have any advice on whether it will affect our chances of getting a mortgage? or will we have to try higher interest lenders? Or is there a chance of us not getting one at all?
Thanks in advance.

ACG

It will affect your options.

I would suggest speaking to a broker as this could be quite difficult to place.

Mokka

Try to negotiate with the company that you will pay them back on condition that they will remove the default?
Wait another year until the default drops off?
It's hard to say how this would go, as the default is very old, however it is for quite a lot of money.