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Mortgage with a Default?

Cappucino
Cappucino Posts: 2 Newbie
in Mortgages & endowments

Hi All

I am new here but been reading up on a few posts and washoping for some advice.

Just looking to buy a house, but I have a satisfied defaulton one of my old accounts from 4 years ago. Is this going to stop me fromgetting a mortgage or just make it very very difficult? I am wondering whetherI should give up now and save myself the disappointment.

Thanks!

Comments

  • ACG
    ACG Posts: 24,746 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    It will have an impact to some degree or another but it should not prevent you from getting a mortgage. The devil is in the detail though as you could have high street lenders available or you may have to look at something a little above high street rates.

    Its worth getting your credit report(s) in front of a broker.
    I am a Mortgage Adviser
    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.
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Give up before you start?


    That's one approach
    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.
  • Cappucino
    Cappucino Posts: 2 Newbie
    Thanks Guys!

    I shall find a broker and show them what I have, Just didn't want to get my hopes up.

    I think apart from that I am in a good position so fingers crossed!

    Thanks again.
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