Barclays with a default

cee_101

Hello everyone.
I am wondering if anyone has any advice or has been in a similar situation. I have a default for £2000 registered in July 2018. It was satisfied Feb 2020. 

I am looking to apply for a mortgage towards the end of spring. April/May/June.
I have a DIP with Barclays. I will be using HTB (20%) and putting my own 15% in.

My default isn’t registered with Experian for some reason and I know Barclays use this for their DIP.

basically my question is, is it worth putting in a full application to Barclays 3/4 months before the 3 years is up on my default? Or will they decline it up until July 2021 when it is exactly 3 years. 

I’m hoping the house I want doesn’t get released until the summer but just thinking of worst case.

Thank you 🙂

K_S

@cee_101 The published Barclays policy is a straight decline for "Satisfied defaults totalling more than £200 and the latest is registered within the past 3 years". 

As a broker, if you were my client, unless I'd spoken to the lender and cleared it beforehand, I wouldn't apply with Barclays given their criteria.

cee_101

K_S said:

@cee_101 The published Barclays policy is a straight decline for "Satisfied defaults totalling more than £200 and the latest is registered within the past 3 years". 

As a broker, if you were my client, unless I'd spoken to the lender and cleared it beforehand, I wouldn't apply with Barclays given their criteria.

Thank you for your reply.
Would you put me with a sub prime lender straight away? I would be fine with that just wanted to see if it was possible with a high street. 

Hopefully I can hold off until July 🤞🏼