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Mortgage and default question

xcvx
xcvx Posts: 41 Forumite
Fourth Anniversary 10 Posts Name Dropper
in Mortgages & endowments
Hi,
I am applying for a mortgage with defaults on my file (all over 24 months now) going with precise. We reserved today and completion will be September. By September 4 out of 5 defaults will be over 3 years old. Would lenders use that in consideration or will they only use the date registered as a factor? Precise HTB criteria 0 in 24 months but feel so nervous and worried as the last one only turned 24 months 1 month ago.

Thanks 

Comments

  • Nibakes
    Nibakes Posts: 2 Newbie
    First Post
    xcvx said:
    Hi,
    I am applying for a mortgage with defaults on my file (all over 24 months now) going with precise. We reserved today and completion will be September. By September 4 out of 5 defaults will be over 3 years old. Would lenders use that in consideration or will they only use the date registered as a factor? Precise HTB criteria 0 in 24 months but feel so nervous and worried as the last one only turned 24 months 1 month ago.

    Thanks 
    Hey were your defaults all settled?
    Did you get an offer? 
  • xcvx
    xcvx Posts: 41 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    Hi @Nibakes
    We are going through the process now. been in touch with broker who will contact us today with what offers we can get. i'll keep you updated. 
  • Kelda1
    Kelda1 Posts: 24 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    @Nibakes we have just submitted application ! Waiting for the decline but will keep you updated 
  • xcvx
    xcvx Posts: 41 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    @Kelda1 keep us updated!
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