📨 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!

Will default affect morgage?

Options
Hi guys,

Just a quick one. I have had a morgage for over 2 years. Recent money troubles has left an account as a default which will go on credit file.
Will this default affect my morgage at all or it's fine and just leave it.

Thanks

Comments

  • amnblog
    amnblog Posts: 12,732 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Will it affect your current mortgage deal - no.

    Can it affect your options for future mortgage deals? Yes.
    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.
  • Thanks. Default will go after 6 years so gotta be patient.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.