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5 Year Credit Rating & Applying for a Mortgage

  • 17-12-2021 11:55am
    #1
    Registered Users Posts: 48 deep_dish


    Looking for some advice on the 5-year credit rating.

    4 years ago I had to surrender my home and the debt was written off by the bank. This now shows up on my credit rating as a bad debt. I know I won't be approved as long as this is on my report but after the 5 years are up will this be completely stricken from my report?

    Also, in the eyes of a future mortgage lender, will I technically be a 1st-time buyer again?



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