Response to Applying for a mortgage 6 years after reposession.

Thanks for your comments. Things have suddenly changed in a matter of months. From brokers telling me all I could get was 10% mortgages plus 2k commission fees, I persevered until finally a high street lender has offered me a mortgage in principle. I have been totally honest throughout and have probably suffered because of it but at least my concience is clear, so there is hope ! A second point is that I have recently checked my credit file with Equifax to find that the repossession entry is still there, from more than six years ago. I have written to them to have it removed and will let you know how I get on. One broker advised me that the building soc.s have another 'secret' list which isn't officially acknowledged, but I don't know if there is any truth in this. It would be nice to know if anyone else knows of this. IMO the settlement fee agreed is entirely dependant on your circumstances at the time. We settled a 30k debt for around 2k, but things looked pretty bad for us at the time, and we had to borrow the 2k to settle it, but it was a great weight removed. And finally, always remember that life goes on, and you're not alone. Best wishes, Michael

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