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Can we get a mortgage with one default?
chelseablue
Posts: 3,303 Forumite
Maybe a bit previous but thought I'd ask.
Me and my partner live in a flat that I own (with a mortgage).
It is all in my name as I purchased it before I met him
We would like to move from the flat to a house that we would own together, so would apply for a joint mortgage.
The problem is that he has 1 default with Halifax, default date August 2011.
We have a big deposit to put down, good salaries, so the default is our 1 problem
Would we have to wait until August 2017 for the default to disappear? Or if we found a house next year could we still apply?
Me and my partner live in a flat that I own (with a mortgage).
It is all in my name as I purchased it before I met him
We would like to move from the flat to a house that we would own together, so would apply for a joint mortgage.
The problem is that he has 1 default with Halifax, default date August 2011.
We have a big deposit to put down, good salaries, so the default is our 1 problem
Would we have to wait until August 2017 for the default to disappear? Or if we found a house next year could we still apply?
0
Comments
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You'll probably find a home for it and the rate will depend on loan to value, the value of the default and if it is satisfied.
The registration date being more than three years ago helps.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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