We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Default & Settled Vs Default & Not settled.
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?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards