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Mortgage and a default

jayzer26
jayzer26 Posts: 1 Newbie
edited 20 April 2018 at 2:14PM in Mortgages & endowments
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Comments

  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That depends on.

    When the default was registered.
    What it was for.
    How much it was for.
    When it was repaid.
    How much deposit your have.

    plus other factors

    Paying off all your debt does not seem relevant. Where did that idea come from.
    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.
  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    This is is sizeable default in the past 12months which will severely hamper your options.

    You don!!!8217;t suggest a purchase price but under 150000 seems more likely give the size of your deposit.
    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.
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