Can I get a mortgage with a Default?
Can I get a mortgage with a Default?
A default can occur if you fall behind on your payments with a lender. If you have a default on your credit file it will stay on your credit file for 6 years. You may be able to get a mortgage if you have a default on your credit file how it can depend on these factors:
- When it was registered
- The amount of the default
- What type of default it is i.e. loan, credit or communications default
- Is it satisfied
From one small default i.e. you forgot to pay a particular bill (as this can happen to the best of us) to several defaults as you may have gone through a period of financial difficulty (again this can happen to anyone) there are lenders who can consider your application.
To understand your chances of getting right mortgage for you I will need to do an assessment of your credit file so get in touch to see if I can help you.