Posted on 18 August 2012 by Stephen
I have a credit score of 250 with all paid defaults coming off in dec 2013. Can me and my partner with a good score get a mortgage?
There is no clear cut answer to your question because of the number of factors involved in applying for a mortgage. In addition to your credit file lenders will look at how much deposit your have saved, the type and location of the property you wish to purchase plus your employment and earnings records.
Until the defaults are removed from your credit file, 6 years after they were first registered, they will continue to have a detrimental affect on your credit worthiness and even if your partner has a clean credit record it is likely that you will have difficulty securing a mortgage at the moment. The only way to find out for sure is to speak to an independent mortgage broker who can collate all your details and then using their knowledge of the mortgage market advise you on your chances.
I believe we can help you, please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to make an informed assessment so that you can plan for the future..
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