Mortgage with past payday loans

jashdown

Hb16 wrote: »

Hi
Thanks for sharing. Fills me with some hope. Can I ask if you both had good levels of surplus income in your bank accounts when you made the application?

I have x1 default about to drop off and x10 PDLs around 5 nearly 6 years old.

You'll most likely be fine - that long ago most lenders won't bat an eyelid providing nothing else murky in the water recently

nsrock1978

Hb16 wrote: »

Hi
Thanks for sharing. Fills me with some hope. Can I ask if you both had good levels of surplus income in your bank accounts when you made the application?

I have x1 default about to drop off and x10 PDLs around 5 nearly 6 years old.

Not really we just had money to cover 5% deposit that's all. That's also made up from 2 gifts and 2 ISA's. And then I get salary every month. As your payday loans are 5/6 years ago you won't have any issues I think. And also when the default drop off you'll fit other major lenders criteria as well. So you'll b fine . Good luck
If you are going to apply 'before' your default drop off make sure you settle it and check it will update in your all credit files. For example Barclays only allow 'Satisfied defaults* totalling more than £200 and the latest is registered within the past 3 years'.

nsrock1978

Just to update we received the mortgage offer from Barclays today. So anyone would come here in future having similar issue/s...nothing is impossible....