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Mortage advice please

Disneyfan123
Disneyfan123 Posts: 15 Forumite
Fourth Anniversary Name Dropper First Post
in Mortgages & endowments
Hi, when i apply for my next mortgage in 2024 my 2 defaults will have dropped off my credit file; however, they will not be settled. I will still be paying my monthly payments to them, each with a balance of £1500 ish. Will this go against me in a mortgage application? I pay each one by direct debit so the lender will be able to see it on my bank statements. 

Thanks!

Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Do you have an existing mortgage ?
  • Disneyfan123
    Disneyfan123 Posts: 15 Forumite
    Fourth Anniversary Name Dropper First Post
    dimbo61 said:
    Do you have an existing mortgage ?
    Yes i do. Looking to upsize in 3 years.
  • ACG
    ACG Posts: 24,889 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Some lenders do not ask for bank statements. Between now and 2024, that could be more lenders. 
    Some lenders would just expect you to put it down as a commitment. 

    3 years is a long time in the current climate. Best to see what everything is like closer to the time. 
    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.
  • Disneyfan123
    Disneyfan123 Posts: 15 Forumite
    Fourth Anniversary Name Dropper First Post
    ACG said:
    Some lenders do not ask for bank statements. Between now and 2024, that could be more lenders. 
    Some lenders would just expect you to put it down as a commitment. 

    3 years is a long time in the current climate. Best to see what everything is like closer to the time. 
    Thanks. What banks currently don’t require bank statements? We have always had a mortgage with santander.
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