Will restructure show up on CCR

[pablohoney]

Hi everyone . In a situation where I’m trying to switch mortgages. Waiting on a CCR report. Back in 2014 I went into arrears but agreed a restructure with bank. Didn’t miss any payments but didn’t make full payments for a time. Since 2016 I’ve been overlaying and I am back on track and owe less now than if I was paying the original agreement although the term is longer as per the restructure . Any ideas if this will show and will affect my chances of the switch ??

 

[RedOnion]

If the arrears were capitalised in 2014, I don't think it would show at all.
In any event, it shouldn't prevent you switching, given how long ago it was. Banks are used to seeing cases with previous arrears, so once you've been meeting full repayments for 2 years you should be fine.

 

[pablohoney]

Thanks that’s a relief