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Posted on 2 May 2012 by Laura


My partner has a default of £108 that is now settled on his report, this was raised in jan 2009. Are we going to be able to get a mortgage with out having to work to have it removed? The default is due to a sibling taking a contract out in his name but he does not wish to take legal action if avoidable.

Laura

It is getting increasingly difficult to get a mortgage nowadays if you have any blemish on your credit report.  Only this week Santander announced that anyone with either a County Court judgement or a default registered in the last 6 years would be automatically declined regardless of whether it had been satisfied or not.

Fortunately there are other lenders who will consider you for a mortgage depending on how much deposit you have, how much you earn in relation to the mortgage amount and how any other credit has been conducted.  The greater your deposit, the lower the income multiple and the better for credit record then the better your chances of being offered a mortgage are.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to help you find the right mortgage for your situation.

Peter

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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