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

Mortgage renewel.

BEAT_THE_DEBT
BEAT_THE_DEBT Posts: 2,219 Forumite
Part of the Furniture 1,000 Posts Combo Breaker PPI Party Pooper
edited 21 March 2021 at 11:07AM in Mortgages & endowments
Hi I have had a mortgage for 21 years and never missed a payment thankfully.  However i have a default on my file, husband has clear file can i arrange new deal or not?
Thanks
BTD

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Possibly.

    It depends on the detail.
  • dunstonh
    dunstonh Posts: 121,097 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    New deals with the same lender (known as a product transfer) do not look at your financial status again.  However, a remortgage would and a recent default could be an issue.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

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

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.