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Mortgage Application with one default
fedupdad
Posts: 26 Forumite
Just about to apply for a mortgage with Nationwide with my partner. Between us we have one default on our credit file which will be removed on the 18th December 2014.
We have booked our mortgage appointment with Nationwide on the 18th December. I am an ex bankrupt from 2004 (fully discharged and not on credit file) and my partner was in an IVA which was over six years ago (not on her credit file).
We are just doing a remortgage with 85K equity in the house.
Any ideas on how successful we maybe? Mortgage will be 107k, we both earn over 55k (joint) per year.
We have booked our mortgage appointment with Nationwide on the 18th December. I am an ex bankrupt from 2004 (fully discharged and not on credit file) and my partner was in an IVA which was over six years ago (not on her credit file).
We are just doing a remortgage with 85K equity in the house.
Any ideas on how successful we maybe? Mortgage will be 107k, we both earn over 55k (joint) per year.
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Comments
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I would imagine it will be ok but Nationwide may still see that default - if it does not update on the day it is due to be removed then the lender will still get sight of it.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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Equifax take a few days, Experian will still show it until the next day.Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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Nationwide asks "have you ever" to the bankruptcy and IVA questions.
Do not be tempted to answer no because they are no longer visible on your credit files. In the case of a bankruptcy, the solicitor search will uncover it and you are likely to be declined later in the process for not declaring it.
Nationwide has a good record on lending to ex-bankrupts, so ensure you get everything off to a good footing by witholding nothing.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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