I was recently approached by an accountant who was doing the tax returns for a new client. The client wanted a home loan to purchase a new house in the Hunter Valley. But, they were aware that they had received a credit history default since they had bought their Wollongong home. Lending policies have changed recently but a default is not something that too many lenders will accept when applying for a home loan. The default came about because they had received advice from a solicitor. The advise was to cease making the repayments on the loan they had for a series of  forestry investments they had made. This advice…