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Default & Settled Vs Default & Not settled.
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Rob_Mogs
Posts: 156 Forumite
As per title really guys!
I've only just signed up to this site and tbh it's bloody brilliant! more info in 12hours than I've managed to get through advice lines & CAB in 9-10months!!
The reason I'm asking all these questions recently is that my partner & I are hoping to buy a house, we both have the correct salaries and a significant deposit, however unbeknown to me until about 9-10 months ago, I still owe black horse £5k and there is a default on my file that will drop off in May next year, which put a spanner in the works!!
Now I know chances of getting a mortgage until next year are slim at best, (at a good rate anyway) but what is more appealing to lenders, and will it actually make a difference due to the default to begin with?
Default & Settled, or Default with money oweing still?
I've only just signed up to this site and tbh it's bloody brilliant! more info in 12hours than I've managed to get through advice lines & CAB in 9-10months!!
The reason I'm asking all these questions recently is that my partner & I are hoping to buy a house, we both have the correct salaries and a significant deposit, however unbeknown to me until about 9-10 months ago, I still owe black horse £5k and there is a default on my file that will drop off in May next year, which put a spanner in the works!!
Now I know chances of getting a mortgage until next year are slim at best, (at a good rate anyway) but what is more appealing to lenders, and will it actually make a difference due to the default to begin with?
Default & Settled, or Default with money oweing still?
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