Hi all,
I am looking at the possibility of buying a house with a 25k deposit and around 80k mortgage. I have been renting for the last 20 years, in total around 8 properties. Before this I owned a flat for around 3 years in the early 90's that I had repossessed due to redundancy and interest rates of 14% :eek:
Is this long since dead from a new mortgage point of view? or is likely to appear on a new mortgage credit check? My credit score is very good now, as I have a few credit cards that I pay more than the minimum each month, and also had a few loans over the years with no issues. If I don't mention it, what consequences are there if it shows up. If I declare it how much would it impact a new application?
TIA
I am looking at the possibility of buying a house with a 25k deposit and around 80k mortgage. I have been renting for the last 20 years, in total around 8 properties. Before this I owned a flat for around 3 years in the early 90's that I had repossessed due to redundancy and interest rates of 14% :eek:
Is this long since dead from a new mortgage point of view? or is likely to appear on a new mortgage credit check? My credit score is very good now, as I have a few credit cards that I pay more than the minimum each month, and also had a few loans over the years with no issues. If I don't mention it, what consequences are there if it shows up. If I declare it how much would it impact a new application?
TIA
