HFC Defaults Cause Mortgage Misery

[dera2005]

Hello not sure if anyone can help me but here goes,

 

Have a couple of "settled defaults" with HFC bank of which I am querying them now with the FOS since writing to HFC CCA'ing them etc got me no where. Basically they cant produce the origianl default notice just a template of one.

 

This has been going on since July. I was looking to buy a flat and contacted my financial advisor and advised him of the defaults are they settled he asked yes i said no problem he said wrong!!!

 

Went to the Abbey National yestaday to apply for mortgage and advised them also that i had some settled defaults with HFC.

 

they did a credit check and not to put too finer point on it I was declined due to "adverse" credit Resulting from HFC Bank even though i have a 10% deposit to put down as well. They put the decesion also down to their recently tighterned credit criteria. Im guessing because of the 'credit crunch'

 

They advised that i contact HFC litergation team to ask them to remove the defaults. I did this and spoke to the Operations controller in HFC litergation department who advised that yes indeed they were settled and due to drop off in 2010, but there was absolutly no way they could remove them since this would not show a true account of how my account was run and advised that removing them would mean that they are forcafing datea of which is not allowed. She said that she surprised that the two small defaults from them would stop my mortgage being approved.

 

I am at my wittsend my dreams are dashed just because of two defaults that amount to a total amount of about £1800 which are paid now in full.

 

I did have issues paying them for about 5 months because i lost my job back in 2004 but as soon as i got a new job and a new place to live i resumed paying by paying off the arrears that had accumilated for 4 months then my normal monthly payments. These accounts hadn't even gone to an external DCA.

 

Maybe i should try another bank but Abbey did have some good deals still.

 

A friend of mine had his mortgage offer from Lyods withdrawn just because he was £550 over his overdraft limit with the Halifax.

 

I dont want to apply to another bank only to get turned down again as the Financial advisor bloke advised me could happen. But he said that he could have a look at some "Bad Credit" Mortgages but i dont really want one of those.

 

He said that unless we can get these defaults removed within the next few weeks i'd be better of just waiting until they "fall off" my credit file but thats two years away.

 

I cant beleave that just having two defaults that are "settled" can cause so much greif its worse than a prison sentance.

 

Does anyone have any advise of how i could get these overturned. I even put a notice of correction on my file before applying as advised by the so called financial advisor.

 

Please help im at my witts end.

 

Dera.

[dera2005]

bump.... anyone

[shieldblaster]

Hi dera

 

So sorry to hear your unfortunate news re. mortgages. The only thing I can suggest is that you request that a manual search be used when next being credit checked as nearly always they are automated processes which take no account of noc's.

 

Mick