[ Post New Message | Post Reply to this One | Send Private Email to pendle | Help ]

Response to Is it safe after 10 years?

from pendle (pendle_666@yahoo.co.uk)
Its difficult to say whether or not its safe for you to apply for a mortgage. The fact that you've got credit cards, are on the electoral register etc is a plus point. There is always a risk that the lender could find you, and there are people who have posted to this board who have been contacted many years later.

If you weigh up the odds and decide to apply for a new mortgage, then the application form will ask you whether or not you have ever been repossessed, it may say within the last X years. If you weren't repo'd that many years ago, you need not say anything, if there isn't a time limit, then you should admit to the repo. Its a long time since it happened and you've had plenty of time to build up a good credit history. If you don't tell the truth and the lender finds out then it won't look good.

Sorry this doesn't give you a definitive answer, but it might be worth chatting to a few lenders and see if they can give you any decisions in principle before you formally apply.

(posted 8211 days ago)

[ Previous | Next ]