Mortgage With a Telecoms Default Usually Very Manageable
A telecoms default — from a mobile phone contract, broadband or other communication service — is generally viewed as the least serious type of default by mortgage lenders. Many specialist lenders have explicit criteria that treat telecoms defaults more leniently than defaults on financial products.
🏦 What Lenders Look At
- Age of the telecoms default
- Amount of the default — telecoms defaults are usually small
- Whether the default has been satisfied
- Whether there are any other defaults or CCJs alongside it
- Your overall credit profile
❓ Common Questions
Will a mobile phone default prevent me getting a mortgage?
In most cases no — particularly if satisfied and over 1 year old. Many specialist lenders explicitly exclude telecoms defaults or weight them very lightly.
I did not know I had a default on my phone contract — what do I do?
Check your credit report via Checkmyfile to see exactly what is showing. If you believe the default was registered in error you can dispute it with the credit reference agency.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
This page is for general information only and does not constitute regulated financial advice. The Mortgage Geezer is a trading style of Access Financial Services Ltd who are authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 301173. Registered in England No. 04427489. Registered office address Access Financial Services Ltd, Unit 1 Furtho Court, Towcester Road, Old Stratford, Milton Keynes, MK19 6AN.