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Mortgage with default on PDL
Florrie18
Posts: 1 Newbie
Hi I had some money issues 6 years ago which results in a cycle of pay day loans a few of those with defaults. I paid all my debts off 5 years ago. I now earn £65k a year, have had no missed payments in 5 years now. Am I likely to be accepted a mortgage ? I have a mortgage in principle with Halifax and 10% deposit. Unsure whether I need to wait another year but have seen a house which I’ve fallen in love. Any advice welcome. Thank you 😊
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Comments
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You should have options.
The halifax DIP is generally quite reliable. But even if that declines, there should be other lenders.
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.0 -
If halifax give dip fineDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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