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I have 2 small defaults 1 from 02 £154 May 15 settled and 1 mail order £200 Dec 12 settled
Looking to buy a property £55000 and I have a 15% deposit what's my chances of getting a mortgage I know a high street is no good I have no other debt no credit cards loans etc.

Are you in an iva,if so your chances of getting a mortgage are very slim until you are of the insolvency register

Hi and welcome,

If you are not in an IVA then I recommend that you give either Ryan or Shaun a call (details under the expert link on the left hand side of the page) for some free advice and they have helped quite a few posters on here.

As regards the defaults - check your credit record and then write to the companies and ask them to remove the defaults if they have been paid off.

This is assuming the defaults are dated to the start of the IVA - both will remain for 6 years - even if you pay them or the IVA off early.
As mentioned before if its well within 6 years speak to the Mortgage Brokers on here, for some on advice on the way forward

If there was an IVA. The OP hasn't said so. I'm assuming that he just has these defaults.

Could do with a bit more information.

Sunday morning !! - should read things properly

LOL!!

One piece of advice I was told was my credit file had to be clean, best practice to get that clear even if that means waiting a couple of years until it's done, if there's anything on there negative it stands a chance of being declined and getting a mortgage declined isn't great. I wasn't told what the consequence could be but it was made clear the last thing we wanted was a declined mortgage.

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by antm

One piece of advice I was told was my credit file had to be clean, best practice to get that clear even if that means waiting a couple of years until it's done, if there's anything on there negative it stands a chance of being declined and getting a mortgage declined isn't great. I wasn't told what the consequence could be but it was made clear the last thing we wanted was a declined mortgage.

Creditors tend to follow each other and a "No" raises all sorts of red flags to prospective lenders that follow. A few together can shoot your hard earned credit record down in flames.

A polished credit file is the best way forward. Along with nothing negative lots of positives need to be present. A history of regular payments, loans, mobiles etc etc. On the electoral roll is another plus. Even the length of time at one address helps.

Paul

Have a word with the experts (links below). As others say, best to have a clean credit file ideally.

http://www.iva.co.uk/forum/pop_profile. ... y&id=22837

http://www.iva.co.uk/forum/pop_profile. ... y&id=18488

You need to have:

1 Finished your IVA and got your CC
2 Come off the register
3 Passed the 6 years anniversary of your start date
4 Tidied up your credit rating.

speak to Ryan or Shaun who are the mortgage experts on this forum.