We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How soon for mortgage after defaults drop off?
TheDebtinator
Posts: 237 Forumite
My defaults drop off my file in October of this year. How long should my fiancee and I wait before we look to apply for a mortgage? We would be looking for around £270000 to £300000. Both earn good money and her credit record is completely clean.
Thanks.
Thanks.
0
Comments
-
You may well get sorted now.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 -
Me & my partner have just bought a house, completing this Friday! My partner had a satisfied default which falls off (6 years!) his record in June. We applied for our mortgage in February & was accepted no questions with TSB. You will likely find something now, speak to a broker
0 -
Our application with Halifax was approved in December, and we moved into our house in February.
When we applied my partner had a satisfied default from 2011 so it wont disappear until 20170 -
Thanks guys. The debts are currently still in default and unsatisfied, so I expect that is a bit of a game changer.0
-
TheDebtinator wrote: »Thanks guys. The debts are currently still in default and unsatisfied, so I expect that is a bit of a game changer.
Not helpful.0 -
As the defaults drop off my file in 5 months, I would imagine that I should be able to get a mortgage at some point after rebuilding my credit.0
-
Also, if the debts remain unpaid after the defaults drop off my file, do I need to declare them in a mortgage application?0
-
TheDebtinator wrote: »Also, if the debts remain unpaid after the defaults drop off my file, do I need to declare them in a mortgage application?
Consider avoiding these finance houses for a mortgage. As you may well be declined.0 -
Thrugelmir wrote: »Consider avoiding these finance houses for a mortgage. As you may well be declined.
When you say finance houses, do you mean the two banks I owe money to? I assume this would be the case whether paid or not?0 -
TheDebtinator wrote: »When you say finance houses, do you mean the two banks I owe money to? I assume this would be the case whether paid or not?
Settlement is obviously better than non settlement. Lenders maintain their own internal records. They are not reliant purely on CRA data. Black listing is the term I would use for customers that a business has no wish to trade with.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards