Defaults on file!! Please help?!?

Funboy101

Hi currently going through a mortgage application with barclays I have 4-5 satisfied defaults on my credit file off 2011 what are my chances of being approved of this mortgage? Thanks in advance

Funboy101

Settlement date is 11-2013

Keezing

This is the Barclays lending criteria:

Applications will be declined if there is/are:

- Any unsatisfied CCJ

- More than 1 satisfied CCJ and the latest is registered within the past 3 years

- Satisfied CCJs totalling more than £200 and the latest is registered within the past 3 years

- More than 3 satisfied defaults* and the latest is registered within the past 3 years

- Satisfied defaults* totalling more than £200 and the latest is registered within the past 3 years

- Any outstanding default, irrespective of amount

- If it is identified that a limited company, in which an applicant has greater than 15% shareholding, has any outstanding judgements totaling more than £5,000.

Funboy101

Do you think I will be declined then as the defaults are past the 3 years... I'm soooo worried the valuation got done on the 6th of April just awaiting to hear back from that I hope I don't get declined

Keezing

Funboy101 wrote: »

Do you think I will be declined then as the defaults are past the 3 years... I'm soooo worried the valuation got done on the 6th of April just awaiting to hear back from that I hope I don't get declined

It's hard to say for sure without knowing your full situation, but based on this criteria alone you seem to be just about ok.

Crossing my fingers for you.

Funboy101

My last two p60s I earned 24k and 27k my experian and equifax score is fair but call credit is poor applied for 60k house with 6k deposit it's well within my affordability hope I get it