Default on Credit Report

Posted on 11 March 2012 by Allan

I have just been declined a mortgage, I have now got my credit report which has 1 default on it which was in 2009 for £250.00 which was paid off. My credit score is 763. I earn £39000. a year. Do you think I would beable to get a mortgage after already being refused one? I leave the Army next year after 22 years service, which I will get a lump sum & a good pension.


Whilst the default on your credit file is enough to get your mortgage application declined I suspect that it was not the sole reason?  When looking at agreeing a mortgage application the bank/building society has to assess how you are going to afford the mortgage payments throughout the mortgage term and not just at the time of application.

Without knowing more about your personal circumstances, the amount you wish to borrow, the size of deposit you have available etc, it is not possible to advise you further other than to say it should prove possible to find a lender willing to grant you a mortgage.

Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to help you.


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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