Defaults on mortgage advise needed

ms_fashionista

I have sold my house (which was a BTL investment) to my ex (he put down the deposit & the mortgage was taken out in my name as I had better credit & well paid job). He purchased this house as an investment but badly managed it & mortgage payments were late on several occasions.

We are now seperated & I sold the house to him (I made no financial gains as the equity from the property was used as the deposit for him to purchase the house). There were a couple of times when we had problem tenants that the mortgage fell behind quite badly and court action was taken, however we paid all arrears before the court date and the case was adjourned.

However as the mortgage is now fully paid can I have the defaults removed from my file and if so how do I go about it?

herbiesjp

No - they will remain on your credit file for 6 years

Leon_W

Are you sure they are marked as defaults ?

If you were in arrears and they were subsequently paid up do they not just show as late payments instead of actual defaults ?

I guess what I am trying to work out here is how long does a mortgage lender let it go before registering the account as "defaulted" rather than just in arrears. Does it vary from lender to lender and there are no hard and fast rules ? Anyone ?