Declined what now? 5% or 10%? joint or single app? deposit source?

katty2010

OK i'll just forget it all then. thanks so much for all your help

Jack_Johnson_the_acorn

katty2010 wrote: »

OK i'll just forget it all then. thanks so much for all your help

Probably for the best since you don't seem mature enough to manage a mortgage, you can't even manage constructive feedback even though it was you who asked for the advice.

katty2010

I asked for advice, not for the obvious to be stated and to be judged.

I don't understand why you think i'm being immature by saying i'm going to forget it and thanking everyone for their help.

DpchMd

katty2010 wrote: »

I asked for advice, not for the obvious to be stated and to be judged.

I don't understand why you think i'm being immature by saying i'm going to forget it and thanking everyone for their help.

No-one is judging Katty, sorry if it seemed like that. You gave the impression that you thought your partner's default wouldn't harm your chances of a mortgage, sadly it will. See if you can get a recommendation for a good local mortgage broker who can review your credit files and make suggestions.

Thrugelmir

katty2010 wrote: »

I asked for advice, not for the obvious to be stated and to be judged.

No one is judging you. Nor is anyone going to say everything is fine when it isn't. When it comes to financial matters. The world is an unforgiving place. After all an unpaid debt is someone elses loss.

Malmo

katty2010 wrote: »

I wanted help but now understand 1 default is extremely bad and I won't get one so that's case closed.

I think I read your original post as saying that you engaged a mortgage broker and that you had reviewed your Noddle credit reports? Did the broker review your Noddle reports and did they ask to see your Experian and Equifax reports?

If not, then it sounds like you need a different broker. Santander's residential lending criteria would consider a credit default as falling into their low scoring bracket and therefore, your application would be a candidate for refusal. The broker should have known this based on your credit history.

Take note that defaults recorded with any of the 3 credit reference agencies (Experian, Equifax, CallCredit/Noddle) are adverse issues, irrespective of amount, age and whether or not they are settled. Lender's appetite for these credit issues depends on their own lending criteria. Most high street lenders are likely to be off the table in your circumstances but you would be advised to see a whole of market mortgage broker experienced in sub-prime or adverse credit issues to see if they can place you with a lender that will take on a borrower with such a credit profile.

As a next step, start a local broker search with unbiased.co.uk and untick the Only show sponsored results box on the left hand side of the search results for a mortgage adviser. Under the filter selection What would you like advice on, you could also tick the box for Sub prime. It's also worth asking for recommendations from anyone you know, who may have used a good local broker.

Also obtain your statutory credit report from each agency, which costs £2 (see links below). You do not need their scores as it is immaterial. Put these reports in the hands of the broker, so that they have a complete picture of your credit history.

Experian Statutory Report

Equifax Statutory Report

As you are already with Noddle, you shouldn't need the Callcredit report (they are the same company), but the link is below anyway, for completeness.
Callcredit Statutory Report