Hi everyone,
My first post and I really hope someone out there can offer me some advice as I'm a little out of my depth!
My wife and I are in the process of looking for a new house as we need more space as we're expecting our second child. We have found the perfect property and last week visited a morgage advisor. To get to the point he called me on Friday to say there was a problem with my credit rating which was a surprise as I thought it was perfect!
I opened an account with equifax and there it was a default with Vodafone a year ago for £37. It turned out to be a mix up of addresses - they were sending bills to my old address which I obviously wasn't getting or expecting as I thought I had ended the contract! I phoned them and paid it immediately and they promised it would be removed but reading this forum it seems that it may just be changed to 'settled'.
Please, can someone offer me any hope! I really don't know what to do now. It seems crazy that I won't be able to get an affordable mortgage when we have a 25% deposit and the default was over such a small amount! Are there any particular lenders which people can recommend?
This is really stressing me to the point that I can think of nothing else, I can hardly sleep.
Matt
My first post and I really hope someone out there can offer me some advice as I'm a little out of my depth!
My wife and I are in the process of looking for a new house as we need more space as we're expecting our second child. We have found the perfect property and last week visited a morgage advisor. To get to the point he called me on Friday to say there was a problem with my credit rating which was a surprise as I thought it was perfect!
I opened an account with equifax and there it was a default with Vodafone a year ago for £37. It turned out to be a mix up of addresses - they were sending bills to my old address which I obviously wasn't getting or expecting as I thought I had ended the contract! I phoned them and paid it immediately and they promised it would be removed but reading this forum it seems that it may just be changed to 'settled'.
Please, can someone offer me any hope! I really don't know what to do now. It seems crazy that I won't be able to get an affordable mortgage when we have a 25% deposit and the default was over such a small amount! Are there any particular lenders which people can recommend?
This is really stressing me to the point that I can think of nothing else, I can hardly sleep.
Matt