We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Mortgage application with missed payment.

Upwelling
Upwelling Posts: 1 Newbie
in Credit file & ratings
Hi all. What do you all think? I am about to apply for a mortgage , being a first time buyer. I have a missed payment , by a month as far back March 2011 and the £105 ( British gas )!was paid in full the following month. Otherwise, my credit history is fine, as I am on the electoral role, for 9 years , have 3 credri cards, all paid in full by DD and over all usage less than 5% of total credit each month, no personal loans or any other debt.
What are my chances of getting a mortgage going by this history ?
Thanks everyone for your help and time.

Comments

  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I wouldn't worry about it. One late payment on your whole credit report isn't going to cause them to refuse an otherwise good application.
    Changing the world, one sarcastic comment at a time.
  • thebritishbloke
    thebritishbloke Posts: 1,472 Forumite
    Shouldn't be a problem.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture