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Finding a Mortgage with Defaults – Can I get a Mortgage with Defaults on a Credit File – Contact the Bad Credit Mortgage Experts | Simply Adverse
If you’re looking for a mortgage or a remortgage you’ll know how difficult it can be. If you’re looking for a mortgage with a poor credit score caused by defaults on loans or missed credit card payments, you’ll know it can seem impossible.
That’s why at Simply Adverse we’ll help you apply for a mortgage, even if your credit score is less than perfect. Whether you’ve defaulted on a mortgage, fallen behind with loan repayment or missed a payment on a mobile phone contract, our specialist adverse credit brokers can improve your chances of being accepted for a bad credit mortgage.
Don’t let missed payments or defaults stand in the way of finding a great mortgage deal. Speak to Simply Adverse toda
Why Approach Simply Adverse for Mortgages with Defaults?
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At Simply Adverse you’ll find specialist adverse credit mortgage brokers with years of experience working with people with poor credit histories. Every day we help people with missed credit card payments, or mortgage or loan defaults, to find mortgages and remortgages. |
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Our streamlined process is designed to make applying for a mortgage as straightforward as possible. Our results and 5-star reviews demonstrate just how our unrivalled support can find the most competitive mortgage deals for people with defaults and missed payments. Working with our first-class team of mortgage advisers, pre-underwriters and case managers will improve your chances of finding default mortgage lenders in the UK. |
If you’ve been worried about anything about mortgages for people with defaults, including wondering ‘can I get a mortgage with a default notice’ , then talking to the experts at Simply Adverse can help to put your mind at ease. There are no upfront costs and some great deals available.
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Lines Open: Mon-Fri 9am-9pm and Sat 9am-5pm. Alternatively request a call back at a time convenient to you.
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What is a Default?
A default shows on your credit report when a lender closes your account because you have missed payments. A default appears regardless of how much you owed when the account was closed. Usually a default only occurs when you miss payments over 3 to 6 months, however this period depends on the specific terms of your credit.
For credit regulated under the Consumer Credit Act, such as credit debts, your lender will send you a default notice. A default notice generally gives you up to a fortnight to bring your payments up to date. Default notices do not appear on your credit report, and so if you receive one and can make the payments outlined in the notice you will avoid a default appearing on your credit report.
Are All Defaults Treated the Same Way by Lenders?
No. While lenders may be concerned by missed payments on, for example, mobile phone contracts, they will be much more worried about missed payments on mortgages and secured loans. Mortgage arrears are considered a priority debt and is for this reason that you should try and avoid going into arrears and approach your lender if you think you may have trouble meeting your repayments. If you do go into arrears you should attempt to pay these off before any other debts.
Can I Get a Mortgage with Defaults?
It’s certainly not impossible to get a mortgage with defaults. As already mentioned, a great deal will depend on the type of default that you have had in the past. Whether or not you can get a mortgage will also depend on other factors such as your household income and the size of your deposit. Simply Adverse works with a range of lenders including specialist bad credit mortgage lenders and high street lenders. This means we can offer you the best chance of finding a competitive deal, and we have dozens of mortgages with defaults success stories.
How Long Does a Mortgage Default Stay on my Credit Report?
A default stays on your credit report for 6 years. The default stays on your credit report for 6 years whether or not you have paid off your debt. Once the 6-year mark is reached the default is removed, even if you still owe the lender money. While your lender can’t re-register the default once removed, you should remember that if you stop paying back your debt, they could apply for a CCJ, which would appear on your credit report.
Can I get a Mortgage with a Satisfied Default?
Although defaults remain on your credit report whether or not you have satisfied the default, some lenders will assess your application more sympathetically if you have paid off the debt. As this varies from lender to lender the best course of action is to speak to a specialist adverse credit mortgage broker like those at Simply Adverse who can advise you more fully taking into account your specific financial circumstances.
Take Our Quiz
With so much to consider it can be difficult to assess whether you are likely to be able to find a mortgage or remortgage or work out how much you may be able to borrow.
Taking our quiz is the first step in understanding your chance of finding a mortgage. Once you’ve taken our quiz, you can talk to one of Simply Adverse’s experts. We’re available 7 days a week to discuss finding a mortgage with defaults lender in the UK.
Call 01245 330163 For A Free Quote
Lines Open: Mon-Fri 9am-9pm and Sat 9am-5pm. Alternatively request a call back at a time convenient to you.
It’s quick & easy. No credit check.
Which Mortgage Lenders Does Simply Adverse Work With?
Choosing Simply Adverse as your mortgage broker gives you access to a much greater number of lenders than you may find on the high street. When you have an adverse credit history this access to multiple lenders can help you find a deal when otherwise you may fail to.
As we are a whole of market mortgage broker we work with not only adverse credit friendly mortgage lenders, but also niche lenders and high street lenders. Simply Adverse also has access to broker only deals. The main mortgage lenders that we work with, are: –
For more information about the mortgage lenders that we work with at Simply Adverse, you can contact our expert advisers 7 days a week.
Mortgages With Defaults UK: Speak To The Experts At Simply Adverse
If you’ve been concerned that having defaults means that you won’t be able to find a mortgage or remortgage deal, let Simply Adverse do the work for you. We have years of experience finding competitive deals with the best rates for people just like you. There is no need to struggle alone.
Join the hundreds of homeowners who have used our 5-star rated mortgage broker service, designed specifically for applicants with an adverse credit history. Pick up the phone or request a callback today and start your journey to a great mortgage deal.
Mortgage with Defaults Interest Rates
Simply Adverse has looked at a range of mortgages for people with defaults and missed payments. You can compare typical examples below. Mortgages with defaults may be available from different types of lenders, which are explained beneath each product.
Whether your application is accepted may depend on the types of defaults you have, how many and whether they are satisfied, together with the size of your deposit. Lenders all treat these factors differently.