Does overdraft affect mortgage application outcomes? It can, but the existence of the facility matters far less than how it is used. Seeing an overdraft on your recent statements can trigger an awkward question: will it be judged as evidence that the budget is already...
A default can look much bigger on a mortgage application than it feels in everyday life. How long after a default can I get a mortgage? There is no single statutory waiting period: some lenders may consider a case while the default is still on the credit file, while...
One old missed payment and an unpaid CCJ from last month are both described online as “bad credit”, yet they are not the same mortgage case. When we assess a mortgage with bad credit, we look at the event itself, how recent it is, whether it has been settled, the...
A missed payment from two years ago does not automatically close the door if you are trying to remortgage with bad credit. What matters is the detail behind the credit history: what happened, when it happened, whether it has been resolved, how the mortgage has been...
