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Mortgage rate 4.3 percent and Halifax mortgage

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Hello so I'm in the process of removing one single default that is on my credit file that has been resulted in me getting declined for a mortgage.

Anyway, new buy agents said the rate will be fixed term of 4.3% for two years is this good?

5% deposit 20% government loan
House value 150,000

Furthermore the default should completely drop off tommorrow or within a week. The agent I spoke to said Halifax might still see the default as they update their systems once a month? Is this the case?

Also is there any other banks that are participating in the help to buy scheme? Many thanks

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