If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Private profiles - please note that profiles marked as private will soon be public. This will facilitate moderation so mods can view users' warning histories. All of your posts across the site will appear on your profile page (including PI, RI). Groups posts will remain private except to users who have access to the same Groups as you. Thread here
Some important site news, please read here. Thanks!

5 Year Credit Rating & Applying for a Mortgage

  • 17-12-2021 11:55am
    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?