I had my home repossessed in 1997 and have recently agreed a F & F settlement with my lender (on my terms).(posted 7372 days ago)Today my husband and I visited the ******* to find out what our position was re getting another mortgage with a view to buying our council house. We were totally honest with the Advisor re the Repossession and I think having the letter of satisfaction from the lender did help. Anyway the good news is that we were made an offer of a mortgage with no strings attached.
This is one of the BIG lenders, not a sub prime or anything and our income at present consists of Incapacity Benefit and a modest salary from my husband.
The Advisor did mention because the repo was more than 6 years ago they would not be particularly bothered.
What I would advise your daughter to do is to go to a mainstream lender and be totally honest,,,and hopefully it will pay off. At least she'll know exactly how she stands and she has nothing to lose after all.
I really wish her all the best!
Moira
because it was