Cheap Mortgage Deals
Defaults - Cheap Mortgage Deals
You are considered to have defaulted on a loan or mortgage when you are more than 30 days behind the date your repayment was due. Unfortunately, this will be marked on your credit record and could lead to a County Court Judgement if no payment is forthcoming.
Citizens Advice Bureau
As a consequence any defaults noted on your credit record will influence the outcome of any future credit or loan applications submitted, especially when applying for a new mortgage. It is far better to contact your lender and explain the current situation rather than to let the repayments be missed entirely. There are ways in which you can avoid any further debt problems and help from the Citizens Advice Bureau is free.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Cheap Mortgage Deals is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.
Grovelawn Limited is Registered in England & Wales number 5030300; Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY
Entered on the Financial Services Authority's Register - Register Number: 314204 - Consumer Credit Licence Number: 573287
The Financial Services Authority (FSA) do not regulate some types of buy to let mortgage, commercial mortgage, overseas mortgage, tax advice and credit or loans not secured on property.
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