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Pepper Money
kellyred1519
Posts: 1 Newbie
Hello,
I'm new to all this but I'm remortgaging my house to buy my mum out as we inherited 50/50. This will be my first mortgage. Our advisor submitted our full application today after been accepted with a DIP. Pepper money have asked for our reasons for any missed payments in the last 6 years and the reasons for my 4 defaults. How much detail do I go into? Pages? Do I go into every single missed payment? I can easily explain the defaults but I don't know what missed payments I had 6 years ago for other bills and I'm pretty sure there aren't that many.
Thanks!
I'm new to all this but I'm remortgaging my house to buy my mum out as we inherited 50/50. This will be my first mortgage. Our advisor submitted our full application today after been accepted with a DIP. Pepper money have asked for our reasons for any missed payments in the last 6 years and the reasons for my 4 defaults. How much detail do I go into? Pages? Do I go into every single missed payment? I can easily explain the defaults but I don't know what missed payments I had 6 years ago for other bills and I'm pretty sure there aren't that many.
Thanks!
0
Comments
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A sentence or 2 would be fine.
What I tend to do with my applications is to see if I can group them. For example if there are 5 defaults, 3 of them from one period and 2 from another. I might put something like:
The 3 defaults registered between January and February 2022 were due to being made redundant and having to prioritise rent over credit cards.
The 2 defaults registered in April 2020 were due to being in hospital for a couple of weeks and were an oversight.
No need to go into war and peace.I am a Mortgage AdviserYou 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.1
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