mortgage advice

[chimpy]

does anyone know if you can apply for a mortgage if you have defaulted in 1996...i.e..gave the keys back due to negative equity...the building society were paid out with a mortgage indemnity...is there a time span over which these sort of debts are wiped clean....?

[stevie21]

Contact experian or equifax to get a copy of your credit file to see if there's any mention of it there : this should cost only �2 or so. Also, it may be worthwhile going to a different lender. Even if nothing shows up in a credit search then the original lender may keep a record of it anyway (although there may be a time limit on how long they're permitted to do this - possibly 6yrs but I'm really not sure). Or you could just phone a lender and ask them the same general question without committing to a credit search.

[mother25]

You could ask your local citizens advice centre, they are very knowledgeable and free! Good Luck whatever happens.