Barclays mortgage

mcloughlin

Hoping someone can help. We are looking to get a mortgage with barclays we have a 15 per cent deposit on a property worth 135000. Our salary is 40000 so affordability doesn't seem an issue. I went bankrupt over 6 years ago and this does not appear on my credit record my score is high now.
The problem is my partners credit report we have managed to get defaults shown as settled on his credit report but 2 remain. The last 2 defaults are over 3 years old and we will settle them this month. We hope to get this marked as settled and the default removed as we have done previous.

Although it seems we meet barclays criteria on there website does anyone have a rough idea if we are likely to be accepted. My worry is the report will show 3 pay day loans from back in 2013 when my husband lost his job. These are all settled though. We are considering going to a broker but it's hard to find the right one. We will be looking at applying for a mortgage in January.

muhandis

- Brokers on this board are unlikely to be able to advise you with regard to your chances of acceptance by Barclays.

- In you place, I would definitely go to a broker. I know you say that you're finding it hard to find the right one but I would try harder, ask for recommendations from friends/colleagues or check out https://www.unbiased.co.uk/ for independent whole of market brokers in your area.

mcloughlin wrote: »

Hoping someone can help. We are looking to get a mortgage with barclays we have a 15 per cent deposit on a property worth 135000. Our salary is 40000 so affordability doesn't seem an issue. I went bankrupt over 6 years ago and this does not appear on my credit record my score is high now.
The problem is my partners credit report we have managed to get defaults shown as settled on his credit report but 2 remain. The last 2 defaults are over 3 years old and we will settle them this month. We hope to get this marked as settled and the default removed as we have done previous.

Although it seems we meet barclays criteria on there website does anyone have a rough idea if we are likely to be accepted. My worry is the report will show 3 pay day loans from back in 2013 when my husband lost his job. These are all settled though. We are considering going to a broker but it's hard to find the right one. We will be looking at applying for a mortgage in January.

Thrugelmir

mcloughlin wrote: »

The last 2 defaults are over 3 years old and we will settle them this month. We hope to get this marked as settled and the default removed as we have done previous.

How much were the defaults for. Doesn't look good if they are only being settled now some considerable time later. While you've been saving for a deposit. You can ask but in all likelihood the defaults will remain. Settling them isn't a bargaining tool.

mcloughlin

The defaults were for 400 each but we are confident the collection agency will remove the default once they are paid. So they will just show as settled on the credit report.

amnblog

You will be fortunate to get this through with Barclays - you might get lucky.


Why did you choose them?

mcloughlin

Mostly because we bank with them and they are one of the few that accept old bankruptcy. We have got an aip with aldermore. But since then we have been lucky enough to get some defaults removed. We thought if we could get the last few removed it may open up more lenders with a better rate.