Skip to content

Log In
Please consider registering
Forum Scope


Forum Options

Min search length: 3 characters / Max search length: 84 characters
Register Lost password?
Advice on older small defaults
3 Posts
29/06/2021 - 11:56 am

Hi, can you please help? We’ve had an update on our credit file position. My husband and I are hoping to buy our first home within the next 12/18 months with a 10% deposit. we have a relatively good credit file within the last year, no missed payments and our profiles fit on affordability after speaking with a broker. My husband has two defaults within the last year one for Eon that was incorrectly added and will be removed following a complaint made so that will not be a concern and another from a communications supplier for a sim only deal that we thought we had cancelled when moving home! It was for £40 and is now settled. I have two defaults both from communications suppliers that will be 3 years old when applying for a mortgage. Will this be possible for us if we keep our credit reports in order and clean until we apply towards the begging of 2022? Thank you in advance.

157 Posts
29/06/2021 - 11:56 am


It is always difficult when trying to predict the future position, but it feels like you are planning in advance and managing your situation which is positive. Clearing up your credit files, ensuring the data is accurate, being on the electoral roll and confirming your names are consistent across all credit lines is critical.

We often see clients already looking for a mortgage and some accounts have middle names, some have different date of births and far too many have names inaccurately spelt on current credit. All of these factors will lower an automated score with a scoring based lender.

10% deposit is the part that could be the stumbling block, as lenders operating at this level with any adverse in the background are limited currently.

We don’t yet know exactly what impact the Government’s announcements will have, but waiting to see the take up across the industry.

Lastly, should you be interested in a newly built property then these still have access for First Time Buyers with often just a 5% deposit now.

All the best

Forum Timezone: Europe/London
All RSSShow Stats
Top Posters:
jrlsmc890: 12
beepboopbeep: 12
Allison79mw: 11
walt46: 11
ashley_987: 10
Redpanther89: 9
nursek: 8
M_wannabe: 6
RussH: 6
ERG005: 6
Newest Members:
Forum Stats:
Groups: 1
Forums: 12
Topics: 156
Posts: 556


Member Stats:
Guest Posters: 0
Members: 411
Moderators: 5
Admins: 3
Most Users Ever Online: 207
Currently Online:
Guest(s) 2
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.94 Stars - Based on 2377 User Reviews

Your home may be repossessed if you do not keep up repayments on your mortgage.