Mortgage DIP with declared default

stufielding

Hi all,

Have spent the last few days going through the Internet and on this very helpful forum!

Just been trying to find a post from someone with a similar situation to me. While I have found some success stories I have also seen some that worry me.

Just after a few opinions as I have a full mortgage application on Tuesday.

Details:

I have a clear credit file, everything paid on time, other than one default I acquired in 2010 (registered default date). The amount is £3200 with Clydesdale. Not that it matters as a default is a default but it was finance to pay for (what ended up being a massive waste of time) a pluming course with company skillstrain. I pay my bills and take responsibility for them but this course was a scam and I wasn't giving them any more money. £135 a month, and already £1750 odd down, I cancelled the DD after they wouldn't allow me to cancel.

My girlfriend has a perfect credit report.

House price: £245,000
Deposit: £72,000
Combined salary: £57,000

I was given a DIP in Friday, spent an hour on the phone declaring all including the default.

We passed the dip and were told we were given a rating of 'A' on the soft search.

Tuesday is the big one where we go through the main application.

I have since the default managed to obtain credit with Blackhorse (car) and also a Halifax loan to consolidate my overdraft and Halifax credit card.

What are my chances of a decline at this stage do you think? I appreciate each case is different and there are lots of other factors I'm sure, but based on the above do I have a chance?

Thanks

amnblog

Dip with Halifax?

stufielding

amnblog wrote: »

Dip with Halifax?

Sorry yes with Halifax

amnblog

That default has not been picked up yet. It will be when you go to full application. It may go through but prepare for a problem.

You should be using a broker not going direct with a default on your record.

stufielding

amnblog wrote: »

That default has not been picked up yet. It will be when you go to full application. It may go through but prepare for a problem.

You should be using a broker not going direct with a default on your record.

Ok thanks for taking the ti,e to reply, thought it might be the case as the soft only goes back 3 years I think? I was hoping declaring it at the first stage would give the person doing the main application on Tuesday a heads up. In fact my opening line before starting the application was "I want to talk to someone about applying for a mortgage with a default"

I was hoping the defaults age and the LTV might help fight my corner too.

amnblog

The computer does the thinking not the staff Stu.

I wish you well but have 'plan B' ready.

Have you checked has this default is manifesting itself on your credit files?

stufielding

amnblog wrote: »

The computer does the thinking not the staff Stu.

I wish you well but have 'plan B' ready.

Have you checked has this default is manifesting itself on your credit files?

It's on the three I have checked so experian, equifax and call credit

All showing as defaulted. Opened in 2008 and defaulted in 2010 with the same balance against and address I moved out of in 2011

amnblog

Still outstanding or settled?

stufielding

amnblog wrote: »

Still outstanding or settled?

Outstanding, not that this makes and difference to Halifax but still outstanding mainly due to its reason for being there and that in less that a year and a half it will drop of my credit file.

Thrugelmir

stufielding wrote: »

All showing as defaulted. Opened in 2008 and defaulted in 2010 with the same balance against and address I moved out of in 2011

As soon as you put your head above the parapet you may well be chased for the debt.

that in less that a year and a half it will drop of my credit file.

There's no certainty of this. CCJ's are an increasingly common tactic used by debt collection agencies now.

stufielding

Thrugelmir wrote: »

As soon as you put your head above the parapet you may well be chased for the debt.

I asked for this to be removed again back in 2012, obviously to which they said no but I had no further communication from them after.


There's no certainty of this. CCJ's are an increasingly common tactic used by debt collection agencies now.

By this do you mean that they will file a ccj leading up to the 6 year mark?