Mortgages with a default

Many mainstream lenders won't consider an applicant with defaults in the past three years, whilst some have a zero tolerance approach to borrowers with defaults on their credit files. We know that hearing numerous high street banks say no at first glance can be disheartening; however, every lenders' criteria is different and rapidly changing.

Fortunately, there are a growing number of specialist lenders with an appetite for default mortgages. It's important to understand that the older your default is, the less impact it's likely to have on a decision. An unsatisfied default from three years ago will be less problematic than a default issued within the last 12 months. Of course, if you have a satisfied default, you will drastically boost your chances of getting a mortgage.

Your home may be repossessed if you do not keep up with your repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is upto 1% but a typical fee is £595.

Don't let default difficulties postpone your dreams

Today, fewer people fit the traditional 'standard' lending criteria of high street banks, highlighting the importance of the specialist lending sector. Mortgages can be complex at the best of times, but we know the default mortgage market inside out, and we specialise in finding solutions that work for financial situations like yours. Why play the waiting game when the right deal could be out there? We may already know of suitable lenders that are waiting to assess your eligibility on an individual basis, looking beyond your default or low credit score.

Tell us about your situation

Assessing the strength of your application

Defaults generally fall into two classifications: severe and non-severe. Severe defaults can be caused by missed mortgage payments, defaulting on a business loan or car finance defaults. Non-severe can be issued due to missing mobile phone payments or late credit card payments, among other grounds. Lenders consider the severity, date and whether the default has been settled, but there is no one size fits all approach. Many lenders are receptive to unique situations, so don't let your default stop you from starting the journey of acquiring the right mortgage product.

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Why choose our default mortgage brokers


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