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Defaults on credit file - mortgage wanted
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jagger86
Posts: 124 Forumite
If you have defaults on your credit file dated 2012/2013 (in the process of being settled in full - only just been made aware of these) once they are satisfied what LTV mortgage would we need to go for?
Basically what percentage deposit would we need. Is 20% feasible or does it need to be higher?
Basically what percentage deposit would we need. Is 20% feasible or does it need to be higher?
tackling credit card debt starting Feb 2020
HSBC £3400 £3251
Santander £4400 £4188
Fluid £650 £330
Emergency fund £580/£1000
HSBC £3400 £3251
Santander £4400 £4188
Fluid £650 £330
Emergency fund £580/£1000
0
Comments
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It depends on the size of these defaults, and when exactly they went on the file (please of course other underwriting considerations).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 -
They are for 3 x £2-300. It's for old current accounts where interest has been charged on overdraft after account not being used and my partner moved address and didn't provide a forwarding one.
We have just obtained a credit report to check his file and noticed them. Also he wasn't on electoral roll but is now. He has no loans or credit cards and his present current account and phone contract is up to date.tackling credit card debt starting Feb 2020
HSBC £3400 £3251
Santander £4400 £4188
Fluid £650 £330
Emergency fund £580/£10000 -
What dates?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 -
On which version(s) of his credit file do they appear? Experian, Equifax and/or Call Credit?I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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2012 and 2013
This is on experian....tackling credit card debt starting Feb 2020
HSBC £3400 £3251
Santander £4400 £4188
Fluid £650 £330
Emergency fund £580/£10000 -
What dates, not what yearsI 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 are only visible on Experian, or Experian is the only version you've obtained?2012 and 2013
This is on experian....I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Worse case scenario there is a lender that will probably look at this.
Potentially more depending on the DATES and whether they are showing on all 3 credit reports or not.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 -
I think the dates are a secret ACGI 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 -
Sorry was half asleep this morning - here are the actual dates
There are 4 defaults as didn't realise two were showing under Nationwide.
Nationwide - default date 2/8/2010 - £317
Nationwide - default date 23/1/2014 - £221
Lowell Portfolio - default date - 5/6/2009 £214
Aktiv Kapital - default date - 2/8/2010 - £317
We have only checked experian so far...tackling credit card debt starting Feb 2020
HSBC £3400 £3251
Santander £4400 £4188
Fluid £650 £330
Emergency fund £580/£10000
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