Mortgage with a default
Mortgage with a default
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Mortgage with a default
Mortgage with a default
';No maximum defaults
Specialist default mortgages
Experts in adverse credit mortgages
If you have a default on your credit file, getting a mortgage can feel challenging, but it’s far from impossible. Today, there are many mortgage companies that accept defaults, including a number of high street mortgage lenders that accept defaults depending on your circumstances. Whether you have a recent default, multiple defaults, or past credit issues, specialist lenders offering bad credit mortgage defaults solutions can help you find a way forward. We assist borrowers by accessing products across the entire mortgage market, including exclusive deals that are not available directly to customers. Thanks to our whole-of-market approach and strong relationships with specialist lenders, we can offer tailored mortgage solutions that suit a wide range of circumstances, even where direct applications might not be possible.
How do you get a mortgage with a default?
Yes, it is possible to get a mortgage with a default, and there are several mortgage companies that accept defaults even if your credit history isn’t perfect. Some lenders, especially those specialising in bad credit mortgage defaults, are willing to assess your situation individually rather than automatically declining your application. Defaults and mortgages can still go hand in hand if you know which lenders to approach. While some high street lenders may automatically reject applications with recent defaults, there are high street mortgage lenders that accept defaults, depending on how old the default is, the type of default, and your current financial stability. In many cases, communications defaults, such as missed payments on mobile phone bills, are either ignored or treated much more leniently. Default mortgage lender criteria can vary widely, some won’t lend at all if you have a default, while others will accept up to four or more defaults within the last three years. A few specialist lenders may have no cap on defaults at all, focusing instead on factors like your deposit size, income, and how well you have managed your finances since the default occurred. Working with an experienced broker gives you the best chance of finding the right defaults and mortgages solution tailored to your needs.
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Property types
We understand that having a default on your credit record shouldn’t block you from securing the right mortgage. Whether you are buying a home, investing in property, or purchasing business premises, we provide access to the whole mortgage market, including specialist default mortgage lenders and mortgage companies that accept defaults. By working with lenders who take a flexible view on defaults, including those offering mortgages with defaults over 2 years old, we help borrowers find competitive solutions tailored to their circumstances. Below, we explain how we support clients across residential, buy-to-let, and commercial mortgages.
Residential Mortgages
We assist residential borrowers with access to the whole mortgage market, including lenders who specialise in helping customers with credit issues. If you are looking for a mortgage with defaults, especially mortgages with defaults over 2 years old, there are many lenders willing to consider your application. Our relationships with default mortgage lenders — including those not available directly to customers — means we can often secure better deals and wider options than going direct. Whether you’re a first-time buyer, home mover, or re-mortgaging after previous credit challenges, we’ll find a residential mortgage tailored to your situation.
Buy-to-Let Mortgages
For property investors, securing a buy-to-let mortgage can be more flexible than many expect — even with defaults on your record. We work with a wide range of buy-to-let lenders, including specialist mortgage companies that accept defaults and understand the complexities of rental income and portfolio structures. Whether you’re buying your first investment property or refinancing an existing portfolio, we can help you secure a competitive buy-to-let mortgage, even if your credit history isn’t perfect. Having access to the full market ensures you get the most suitable deal for your investment goals.
Commercial Mortgages
Accessing commercial property finance can be challenging, but we make it easier by working with specialist commercial lenders, including default mortgage lenders who take a more flexible view of past credit issues. Whether you’re buying premises for your business, refinancing a commercial portfolio, or funding a development project, we source finance packages suited to your needs. Many mortgage companies that accept defaults offer bespoke commercial terms that aren’t available on the high street, ensuring you can still access competitive funding even with historic defaults.
Questions on mortgage with default
Yes, you can still get a mortgage even if you have defaults. Many default mortgage lenders and mortgage companies that accept defaults are willing to look beyond your credit history, especially if the defaults are over two years old or were for smaller amounts like communications bills. Some lenders are more flexible and may accept multiple defaults, depending on the deposit you have, your current financial stability, and how long ago the defaults occurred. Working with a broker who has access to the full market gives you the best chance of finding the right mortgage deal tailored to your situation.
Some mortgage companies that accept defaults may charge slightly higher interest rates, especially if the defaults are recent or if there are multiple issues on your credit file. However, if your defaults are older or you have a larger deposit, you may still qualify for competitive rates that aren’t far off mainstream lending.
Yes, the type of default can make a difference. Many lenders are more forgiving of communications defaults (like unpaid mobile phone bills) than they are of defaults on secured loans, personal loans, or utility bills. Explaining the reason behind the default can sometimes help your case, especially with specialist lenders who take a manual underwriting approach.
Yes, you can get a mortgage with a default. Many mortgage companies that accept defaults and default mortgage lenders are willing to consider applicants with past credit issues. Some lenders are happy to offer mortgages even if the default is recent, while others prefer defaults that are over 12 or 24 months old. Factors such as the type of default, the amount involved, and how well you’ve managed your finances since the default will all be considered. Working with a specialist mortgage broker gives you access to a wider range of lenders and improves your chances of finding a competitive deal, even with a default on your record.
A mortgage default happens when a borrower fails to meet the agreed repayment terms of their mortgage — usually by missing payments. If you fall behind by a certain number of payments (often three or more), your lender can officially register the mortgage as being in default. This is a serious financial issue and will be recorded on your credit file.
For borrowers, the consequences of a mortgage default can be significant. It can seriously damage your credit score, making it much harder to get approved for new mortgages, loans, or even things like mobile phone contracts and car finance. Lenders may also charge additional fees, increase your interest rate, or start legal action to recover the debt. In the worst cases, if the missed payments are not resolved, the lender could begin repossession proceedings to take ownership of the property.
However, not all defaults lead straight to repossession. Many lenders are willing to work with borrowers to find solutions, such as payment plans or mortgage arrears arrangements, if you communicate early. If you’ve had a mortgage default in the past, it’s still possible to get a new mortgage in the future, especially with specialist default mortgage lenders who understand that financial difficulties can happen.
You can apply for a mortgage at any time after a default, but your options improve as the default gets older. Many default mortgage lenders are more flexible once a default is over 12 months old, and even more lenders become available once the default is over two years old. If your default is over six years old, it may no longer show on your credit report at all.
Yes, there are some high street mortgage lenders that accept defaults, although their criteria can be stricter. Generally, they prefer older, lower-value defaults and will want to see that you have maintained a good recent payment record. Specialist lenders tend to be more flexible if your defaults are more recent or higher in value.
Yes, you can often re-mortgage with defaults on your record. Many mortgage companies that accept defaults offer re-mortgage options to help borrowers move to a better rate, raise capital, or consolidate debt. If your defaults are older or you have built up equity in your property, your chances of being approved — and securing a good rate — are even higher.
Yes, you can still get a mortgage with a default on your credit record. While some high street lenders may be stricter, there are plenty of default mortgage lenders and mortgage companies that accept defaults who will assess your full situation rather than just your credit score. The chances of approval usually improve if the default is over 12 or 24 months old, but even recent defaults can sometimes be accepted, depending on the lender, your deposit size, and your current financial stability. Speaking to a mortgage broker who specialises in bad credit mortgages can help you find the right lender for your needs.
A mortgage default stays on your credit file for six years from the date it was registered, even if you repay the debt in full during that time. During these six years, lenders will be able to see the default when assessing any new credit applications, including mortgages, loans, and credit cards.
Mortgage options typically start to improve once a default is over 12 months old, and even more lenders become available once the default is over two years old. If your default is older and you have shown good financial conduct since, you may qualify for better rates and more mainstream mortgage products. After six years, the default will automatically be removed from your credit file, helping to significantly boost your credit score and borrowing opportunities.