Ex partner defaults affect my new mortgage application

steph1111

Hi all, 

just looking for a bit of reassurance. 

Myself and my ex partner purchased a house together. He moved out 9 months ago and the mortgage with halifax (due to run out September this year) is our only financial association. 

I will be seeking a new mortgage on my own to purchase our house fully and buy him out. I know I can easily afford this. 

Iv recently found out through having debt collecting agencies letters he has defaulted on some dvla payments and his car finance . I called the agencies to advise he no longer at my address and have given his new address. 

I have a very good credit history and mortgage has always been paid from my bank account and never missed a payment - never missed a payment on anything in my life. 

I realise credit score doesn’t really mean much but we are financially associated by the mortgage ONLY. 

When I apply for my new mortgage with Santander, will his bad payment history affect my borrowing? Will new mortgage provider also check his file also as he is financially associated on my credit file?

ACG

I do not know with Santander specifically, but he will affect you with some lenders - not all though. 
Probably worth speaking to Santander. 

K_S

@steph1111 The financial association may have an impact.

The easiest way to check would be to do a soft-footprint DIP with Santander (or another mainstream lender) for the borrowing amount required and see what it returns. If it's clear, then it *should* be ok, assuming your ex's credit history doesn't get significantly worse between now and the remortgage completion.

In any case, given that we're approaching end April, your remo is up in September and most remo offers are valid for 6 months, and this will also involve a transfer-of-equity, it's perhaps time to start the process.