Default Or Late Payment For Mortgage

ate90

Hello,

I was hoping for some help/advice as I prepare to make a mortgage application next year.

I currently have a default on my credit report from March 2012 for £487, this has not been settled yet, the lender has offered to remove the default and replace with a late payment mark 3 upon settling the balance. The default is obviously 4 years old and due to fall of in march 18, if I make the payment the late payment mark 3 will be placed on the account from say today and run for a further 6 years.

My question is if i was to apply for a mortgage in 12 months time what option would give me the better chance?

Any help/advice is much appreciated. Please feel free to ask any further questions necessary.

Adam

greyroofer

Hello,

Did you get a mortgage in the end?

amy2015

Yes I am keen to know this too?

Whistler23

I am guessing the OP hasn't applied yet as 12 months would take him/her to Feb 17.

They also haven't been on the forum (logged in I presume) since the original post.

greyroofer

Be good if anyone does know if an older default is better than newer late markers.