We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Declaring Debt Not in Credit File

mistertml
mistertml Posts: 83 Forumite
in Mortgages & endowments
I currently have debt with 4 creditors but no longer showing on my credit file as the debt was is over 6 years old.

Would I still need to declare this on my mortgage application?

Thanks in advance

Comments

  • anfieldred
    anfieldred Posts: 267 Forumite
    I would - saves having to at a later date that they will find anyway and query why it wasn't added on application.
  • minimike2
    minimike2 Posts: 2,210 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    100% Yes. It doesn't matter if it isn't on the file, it is a debt you have to pay, so yes it must be declared.
  • ACG
    ACG Posts: 24,881 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    If you only had to declare what was on your credit file, they would not ask you for the information - they would just pull it from your credit file.

    You have to declare it.
    I am a Mortgage Adviser
    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.
  • mistertml
    mistertml Posts: 83 Forumite
    Hi
    Thanks to all for clarifying this. I still pay a minimal amount towards the debt so thought Id check as it is a visible outgoing on my statements anyway.

    Thanks again
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Failure to do so is technically fraud. Not the way to start a long term financial relationship. Answer all the questions on the application form truthfully.

    Lenders, who are members of the Cpouncil of Mortgage Lenders (CML) share such data through National Hunter.

    https://www.nhunter.co.uk/

    No one likes to be deceived in business.
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
  • 353.8K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.
Update Your Picture