how long

wolfdog81

I know defaults and the like stay on for 6 years but is there a period less than this where say a mortgage company would view them as historical enough.
Basically I split from my spend thift wife 2 years ago and have just about finished clearing 10 grand of debt. Am I going to need 6 years of good behaviour or will they look at the last 2 ysars ant think ive put hard work in sorting myself out

Eonel

How long you are effectively barred from borrowing money will vary by lender and your other circumstances.

As a general rule, defaults look bad for the whole 6 years they remain on your record and you will have difficulty getting competitive rates from all high street lenders.

However there are exceptions & the only way to find out is to make a credit application - preferably with your bank.

boo_star

Basically what Eonel said.

Prime lenders don't like defaults however inconsequential they may be.

Hazzinho

Defaults are very relevant when it comes to a mortgage, that's a huge financial commitment so most prime lenders want to see clean files.

thebritishbloke

A mortgage broker can generally find you decent deals even with a default (so long as it was settled, and you've had a good history since then)