Halifax mortgage with a default

Spectre007

Thanks for letting me know Torfoxwell, were they settled? and if yes when? also what percentage of deposit you'll be putting down?, my default is from December 2012 I wonder if that's considered historic , so glad you had a fantastic broker who could really help

Torfoxwell

Yes both fully settled last month but one not showing up settled on my credit report..., i have a 10% deposit , house is 227000 , i earn 13000 , my partner earns 36000 - we pay 300.00 per month in childcare which pretty much killed our affordability , my broker pushed it through but i know we were skimming the limits , im just chuffed to bits

Spectre007

Thankyou ever so much for sharing it all Torfoxwell I wish you all the best with your move and hope rest of the buying process goes really smoothly for you as well as soon as I have any updates on my end I'll share them, keeping my fingers crossed

ellison007

Well done Torfoxwell. Best of luck. I have an AIP with Halifax at the moment. Just so I am clear in my understanding, am I correct in saying that you had two defaults - one in august 2011 and the other for december 2011(at least one of which was with Halifax) AND Halifax still offered you a mortgage?


Many thanks.

Torfoxwell

Thank you everyone - yes they were both with halifax..mind you iv been so scared of being in debt since i havent taken out any credit , like i said im glad theyve given me a second chance , will prove myself this time 😊

Spectre007

Hi all just wanted to update, valuation was done yesterday morning and same day they offered me full mortgage, absolutely over the moon.

Firsttimebuyers

Hi both,

Did you use Adverse Credit Specialised Brokers?

carlyfluck

Thank you so much for posting this!
We are just about to start saving for our deposit...our DMP ends in 2 payments!😀 Our defaults should hopefully come off around 2019/20 which by then we should have a good deposit! This fills me with hope that we can put this whole debt business behind us!

Spectre007

Hi i went to our local mortgage broker I don't think he specialize in adverse credit, just to add my only default is actually from August 2009 but for some strange reason Barclays only added that as default in December 2012 I am disputing this now with Barclays to back date it to 2009 as they've not followed correct ICO guidelines, apparently lots of people successfully got the dates corrected, Barclays did that to lots of people back in 2009 and 2008 where they got default dates wrong by 3 or 4 years.

Spectre007

You're welcome carlyfluck, according to my broker key to successful mortgage approval and good rate is good deposit amount, Goodluck with savings