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Expat with Default
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john80
3 Posts
(Offline)
1
05/04/2022 - 4:23 pm

So I am an expat living in UAE and looking to get a residential or buy to let mortgage on a property valued at £520,000 with a deposit of 20% (100K)

Only issue is I recently found out I have a default on my credit file which I was not aware of. The default was issued in July 2021 and the outstanding amount is £3200. I can clear the amount now but want to know if there is any chance of getting an approval based on my Circumstances

Any help and advice would be appreciated

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101 Posts
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2
05/04/2022 - 4:27 pm

john80 said
So I am an expat living in UAE and looking to get a residential or buy to let mortgage on a property valued at £520,000 with a deposit of 20% (100K)

Only issue is I recently found out I have a default on my credit file which I was not aware of. The default was issued in July 2021 and the outstanding amount is £3200. I can clear the amount now but want to know if there is any chance of getting an approval based on my Circumstances

Any help and advice would be appreciated  

Hi John, thanks for getting in contact.

This scenario can be possible however it will come down to the exact details regarding your residential and tax status.

In some respects the default is less of a complication than the above however all variables would form part of placing your case.

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john80
3 Posts
(Offline)
3
05/04/2022 - 4:35 pm

Thank you for the quick response. I will reach out with more details

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