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Mortgage with defaults
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Allison79mw
11 Posts
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29/06/2021 - 2:19 pm

I have 4 defaults which will fall off my file mid July (all the same date) and 1 default value £57 for a mobile phone company that will be 3 years old in November.
can you please advise if I am likely to be able to get a mortgage for £120,000 if I have £30,000 deposit (from equity in current mortgage which is up to date with no arrears) so total purchase price £150,000
earnings are £20,000 a year (Part time) with £861 a month in child benefit and universal credit and my ex partner gives me £600 a month also for child maintenance.

I am 42 years old so don’t want to wait too much longer to move if I have a chance of being accepted.

thanks!

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101 Posts
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29/06/2021 - 2:19 pm

Hi Allison, on face value this should be possible credit wise however affordability will be dependent on the lender and the details surrounding your maintenance and benefits.

With a credit report and a bit more information regarding income we’d be able to make a full decision.

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