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!
Npower default
Comments
-
And your broker says you cant get a mortgage? Jesus! I would love to see the cases they get because I would not even class yours as adverse.Gemm83 said:ACG said:When was the default registered?
What percentage deposit do you have?
If it makes you feel any better, I have a case on my desk at the minute with 9 defaults and 2 CCJs - I am 99% sure this person will have a mortgage by next week. The "record" so to speak is 15 defaults - they got a mortgage too.
It says started 21/06/2014 and settled Nov 2019 (write off date).
We have £50k and looking at a mortgage of £240k
I would expect that to be placed at normal rates every day of the week.I am a Mortgage AdviserYou 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.0 -
Yup. He said we would hit a brick wall.ACG said:
And your broker says you cant get a mortgage? Jesus! I would love to see the cases they get because I would not even class yours as adverse.Gemm83 said:ACG said:When was the default registered?
What percentage deposit do you have?
If it makes you feel any better, I have a case on my desk at the minute with 9 defaults and 2 CCJs - I am 99% sure this person will have a mortgage by next week. The "record" so to speak is 15 defaults - they got a mortgage too.
It says started 21/06/2014 and settled Nov 2019 (write off date).
We have £50k and looking at a mortgage of £240k
I would expect that to be placed at normal rates every day of the week.
Apart from that default we will be totally debt free at point of application.0 -
Im not sure I rate your broker. Sounds like he is only capable of placing cases where a broker is not even needed.
I think you could probably pick a lender at random and have a 50/50 chance of getting it through.I am a Mortgage AdviserYou 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.0 -
Gemma
Our client had a £250 default for electricity registered to his account 38 days ago and we have secured lending for him with a mainstream lender.
You need to forget about having a nervous breakdown and engage a more experienced broker.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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards