Justme
I keep getting told I cannot get a mortgage as I have defaults on my credit file.

I have just got one from Experience and there are a few on there.

Does this mean I cant get a mortgage
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Hayley@simplyadverse
Hi, thanks for getting in touch.

Ok first off, it would be wise before approaching any further mortgage lenders/brokers to understand what your credit file contains.

Assuming this is an Experian report, the detail will be critical to your potential success.

Ideally it would be sensible to have someone experienced interpret this, but effectively the key indicators are default date, value of default and whether it is satisfied.

The same would be said for County Court Judgements (CCJ's) and any form of insolvency/bankruptcy

The next critical factor would then be your deposit (as a % of what you would buy/remortgage at)

For example, if you want to buy for £100,000 and have a £15,000 deposit this would give you a 15% deposit or 85% loan to value

Hope this makes sense.
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Justme
Ok thank you
I have 4 defaults then and they are all satisfied and most over 3 years old
I have a deposit of £30,000 and hope to eventually buy at around £80-£90,000
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Hayley@simplyadverse
Given the situation as detailed above, I would expect a sensible solution.

I am surprised that based upon the information provided that you have had multiple rejections, unless you have been applying directly to high street bank lenders.

As suggested, I would stop applying and explore an experienced or specialist broker.

If they don't ask for your credit report immediately then this would be a negative indicator personally...

Good luck
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Justme
Thanks Hayley,
Definitely feels more positive.
Appreciate all of your help
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