The question…
I am looking for a lender who will be suitable for me. I am about to move house but have a problem on my credit file.
In the seven years I have had a mortgage I have never defaulted. I have also paid all my credit cards, bills and other payments on time and have absolutely no debt apart from the mortgage.
However, I have had a problem with my mobile phone bill – due to an error at their end I didn’t pay the bill for two months and this has shown up on my credit report.
Although I have paid the money owed and cleared up the situation I am concerned I won’t be accepted for a new mortgage when I move house. Do you know if there are any lenders who might be able to help with this situation?
I earn £38,000 a year and have no children/dependants. It is just me on the mortgage.
Jeni says…
Many lenders will take into consideration the odd misdemeanour, and a missed payment or two on a mobile phone contract would certainly be fine for many.
The key is when you missed the payments; anything over 12 months ago should not cause any issues, but if it was within the last 12 months, then the lenders available to you will be restricted.
I would recommend showing your credit file to a mortgage broker who, using their broad knowledge of the mortgage market, will be able to advise you of your options.
To see more of this month’s readers’ mortgage questions and Jeni’s responses, click here.
Jeni Browne is sales director at Mortgages for Business. If you have a question you would like Jeni to answer email kate.saines@emap.com
