Hi all,

I was just wondering, if we were to apply for a mortgage-OH has perfect credit, I have had defaults on credit accounts in the past 2 years. I have had no mortgage defaults in the past-house sold 3 years ago-although i had arrears because of divorce. No CCJ's. When i look at adverse credit mortgages-it says 'defaults accepted' etc-does it mean defaults on credit accounts or mortgages?

Cheers, B

Mortgage defaults are repossessions so I don't think you are in that category, arrears are completely different. Defaults that are ignored are for loans and credit cards, and High Street lenders will still look at those if the amounts were small and have been satisfied. The adverse credit mortgages you have looked at will still have conditions such no defaults in the last 12 months if this is the case they will cascade to a heavier adverse product with a higher rate. If your partner is able to apply alone then this may be an option until your credit history is no longer what you may call adverse?

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Regards

Ian