Defaults and mortgage

mboo29

Hi just looking for a bit of advice.

I have a substantial default from 2011 for £8000, I'm currently paying this off monthly balance about £4000. It was for a credit card.

Would an adverse mortgage lender look more favourably on me if I satisfied this in full just now or continue to pay monthly.

Or does it really not matter, its a huge default and I'm just dreaming!!

Thanks in advance

Thrugelmir

Why would a lender wish to lend someone money when they couldn't afford to pay back what they've already borrowed.

That's the question to be asking yourself.

amnblog

There are lenders in the market for this type of business with lending up to 85%.

These mortgage lenders (which you access via a broker) do not insist that such defaults are repaid.