First Time Buyer

Rm87

Lookinh to buy a house in the next few month's hopefully but I'm a bit concerned. Defaulted on my loan payment once last year which I didn't know about and twice this year putting me into default. Now by the time I apply for a mortgage the debt will have been paid off, but my question is how much will this affect my credit rating and likelihood to be accepted? I've had loans for the last 10 years and never had problems, mobile phone contracts for 7 years no problem recently got a credit card where the limits been raised twice in 6 months as I'm paying it off regularly.

Any help?

Edi81

You say defaulted. Default usually happens after three missed payments.
What do your credit files say? Get copies from the three agencies and see a broker.

DCFC79

Your credit rating isnt seen by lenders just yourself, your credit files are way more important. As advised a broker is your best option, go and see 2 if you like.