Getting a mortgage after credit card arrears

[H-S]

My partner and I would like to get a mortgage and we have a 10% deposit. However more than a year ago he was made redundant and so struggled to pay his loan. He was offered another job to start in 2 months so he arranged with the loan company to pay a token amount (£50) for the 2 months he was unable to pay the full amount. However this was still recorded as 2 months default and he went into arrears (which were paid off 3 months ago). So the defaults were more than 12 months ago but the arrears were paid back 3 months ago, would we be able to get a mortgage anywhere, brokers etc keep telling us different things. We don't want to apply if there is no chance of us being accepted because this again goes against your credit rating.

[rowanwitch]

Defaults show for years....make sure you put a note on your credit reports with the three main reference agencies explaining the circumstances Also just checking were you told at the time they would generate a default/late payment and it would affect your credit rating.?...I managed to get one removed because they hadn't told me this would happen at the time the agreement was made

[katekoala]

make sure you put a notice of correction on your credit file (factual account of events to ensure the lender understands situation) you need to be sure whether its arrears or default as 2 very different things. As its been paid off this is good; however, ultimately each lender is different, has different lending criteria, and own internal risk assessment.

[boxtops]

Step 1, I would get a credit report from one of the three big agencies eg Experian, it only costs a couple of pounds and is quite quick - you can then see how you are rated and can take steps as the others say to add notes etc. It explains how to do this when you get your report - I did this a while ago when there was an error on my credit report. All now rectified. Good luck!