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Mortgages with someone you previously had debts with?
tain
Posts: 716 Forumite
I had a ton of defaults with Halifax ~5-6 years ago, and am planning on getting a mortgage in about a years time.
I've been squeaky clean with my credit for over 4 years, and am totally debt free, with a decent credit rating, credit cards being used and paid back in full, never missed a bill, blah blah....
Are Halifax still a write-off when it comes to mortgages? I'd imagine they would be as they know my full credit past (had both loans, credit cards, and a current account with them through the bad times).
But they're also offering what seems to be the best Help to Buy ISA, plus they're a big time mortgage lender.
I'm just checking that it 100% would be a waste of my time pursuing them? No amount of savings accounts, ISAs, bank accounts, etc. will change that will it?
I've been squeaky clean with my credit for over 4 years, and am totally debt free, with a decent credit rating, credit cards being used and paid back in full, never missed a bill, blah blah....
Are Halifax still a write-off when it comes to mortgages? I'd imagine they would be as they know my full credit past (had both loans, credit cards, and a current account with them through the bad times).
But they're also offering what seems to be the best Help to Buy ISA, plus they're a big time mortgage lender.
I'm just checking that it 100% would be a waste of my time pursuing them? No amount of savings accounts, ISAs, bank accounts, etc. will change that will it?
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Comments
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Yes, where you have a poor history with a provider, it is likely they will have that record after it drops off of your credit file and factor it in to their decision.
Probably worth seeking your lending elsewhere.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Cheers. That makes total sense, but I didn't want to write them off without concrete knowledge it was the right thing to do.0
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There's no harm in approaching them though. Do you still maintain your man current account with them?0
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Thrugelmir wrote: »There's no harm in approaching them though. Do you still maintain your man current account with them?
Nah they wouldn't let me keep that... I still have a kiddie account with them, but it has no credit or overdraft facility and I haven't used it in years.0 -
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Thrugelmir wrote: »That's not a good sign.
Well part of my debt management plan was paying back my overdraft, plus their obscene bank charges were causing most of my debt.
I may actually still have the account open. I just presumed they'd kick me out.0
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