A common myth is that you have a mobile phone default means that you are ineligible for a mortgage? This is always NOT the case… Have a listen to the 60 second clip and if you need to know more get in touch via email hello@patrickjamessolutions.co.uk. Your home may be repossessed if you do not keep up repayments on your mortgage.
So, 60 seconds in the mortgage world, today’s subject mobile phones. Okay I’m not going to talk about mobile phones, what I’m going to talk about is the problems having a mobile phone contract can cause you short term to your credit history. Now we’ve all probably had a large bill for being abroad and sometimes people have just buried the head in the sand and that little instance has caused them to have a CCJ or a default and that does affect you credit for some period of time. What you need to be understanding of though is that the lenders are sympathetic to that and they know that these mobile phone companies can be a little bit trigger-happy in putting a negative mark against your credit profile. Which is why you need to be speaking to someone who knows what they’re doing in order to fit you with the right lender for your circumstances. having a mobile phone default or a CCJ doesn’t mean that you’re ineligible for a mortgage speak to someone that knows.