Credit file recovery post mortgage defaults.

jimmy73 · 23 August 2013 at 10:29PM

Hi all,

Not sure if I am posting this in the right place however first post so here goes. I am currently awaiting my ex partner to remove me from our joint mortgage depending on how affordability check pans out. My question is how long it will take for my credit score to recover considering there is numerous defaults on the account. I want to take out my own mortgage once removed but just wondering how long I will have to wait for recovery?

cheers all

matttye · 23 August 2013 at 11:08PM

Defaults drop off after 6 years.

jimmy73 · 23 August 2013 at 11:11PM

So I would have to wait 6 years before I can apply for a mortgage?

[Deleted User] · 23 August 2013 at 11:11PM

6 years after the default was first registered

Thrugelmir · 23 August 2013 at 11:39PM

jimmy73 wrote: »

So I would have to wait 6 years before I can apply for a mortgage?

Seeks advice from a broker before firing mortgage applications off willy nilly. The answer may in years rather than months. Though the way to negate the impact is save a larger deposit.

Credit file recovery post mortgage defaults.

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