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Mortgage with defaults and DIP ??
Comments
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Hi
Sorry for the delay, we got accepted with halifax and have received our offer. We are now just waiting for solicitors to do the searches and then exchange of contracts.
The MA the developer gave us were useless and uninformative but the MA we went with in the end who was recommended by a friend was brilliant.0 -
A DMP will see you needing a specialist adverse credit lender. You will be asked to provide evidence your payments have been made on time for at least twelve months.Laurascott wrote: »Hi , how did you get on. I want to get a mortgage with my boyfriend but I am with a debt management plan. Even though I pay on time one company has made defaults on my credit file. I have 2k left to pay. A normal mortgage advisor was useless. We are doing the same as you help to buy and 5% deposit. Stuck loosing hope now.
An experienced newbuild broker would immediately know which lender to consider for such a case.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Just bumping this for some related advice - I consider myself to have excellent credit with no missed payments, but there was an issue few years back where I took out a phone for my ex. She 'took over' the account and changed it to her bank details and address when we split, moved out of the country and then I got a call from a debt agency. Long story short, there was a default of £65 registered on the account - EE apologised and said the agent she had spoken to hadnt given appropriate advice (they had literally told her 'its not your problem!' and they cleared the balance and it is marked as satisfied.
We have a decision in principle for our mortgage from Nationwide, and my partner and I earn quite good money, but I am concerned now that this is going to throw a spanner in the works over £65!
my current mortgage is with Nationwide and never missed any mortgage payments, not credit card payments or utilities etc in the past. The address on my credit file is an address I have never lived at or even been to. Would they be aware of this already if we have the DIP or would this only be looked at on full application?0 -
When we applied for our mortgage with Halifax my partner had a default with Halifax and we were accepted.
Although his was fully paid off in 2013 and the mortgage was approved in 20150
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