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
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Advice/help mortgage with a default
damo1983
Posts: 60 Forumite
Hi all. So I’m currently looking at buying a house. We sold our house in august last year and have been living with my parents since. We have paid off most of our debts in the time so are in a good position but due to me being an idiot a few year ago I have a default on a cc with pra group for £2800ish that is now settled from sept 2017. My wife is on furlough still but hopefully will be back at work in may but we have seen a house we really like. We have 10% deposit already but could possibly push it upto 15% with some help from my parents. As anyone got any advice where is best to look and if there is a chance for us with anyone.
thanks in advance
thanks in advance
2017 wins value £ 0
0
Comments
-
@damo1983 With the limited info in your post, the satisfied default on its own *should not* be a showstopper. How much of an impact it will have on your chances/rates will depend on the rest of the picture in the background.
However, with your wife on furlough without a return date, you may struggle to find lenders who will also consider her income while on furlough.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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards