What is a default? A default is when a borrower fails to pay at the appointed time after the grace period set by the lender

How to get a mortgage with a default? Defaults will show on your credit file for 6 years after you have paid them off. Depending on the amount of the default and how long ago it was satisfied (paid off) defaults can impact your ability to get a mortgage. The good thing is you have options available and some lender will take circumstances and life events into account when looking at your mortgage application. We will look at the circumstances that lead to the default and find the best lender available to you.

An Individual Voluntary Agreement (IVA) is a formal legal binding agreement between you and your creditors to pay back you debts over a period of time and a County Court Judgement is if you have owed someone money and a court has ruled you have to pay it back.

An IVA or County Court Judgement CCJ can hinder your chances of getting a mortgage and impacts your credit file which takes 6 years once satisfied (paid off) to come off your credit file however some specialist lender would consider you even if you have an IVA or CCJ.

Do you believe your score should be higher?

Are you having issues with getting an agreement in principle for a mortgage?

We can help go through your credit report and find out what the issues are and how you can increase your credit profile.

The main thing to remember is that different lenders look at your credit differently even though some may say no others may say yes.

If you have been refused and are struggling to get a mortgage we can help. Having a mortgage decline or refused is an unfortunate reality that many people face when buying a property and there can be several reasons why. The main thing to remember is having a mortgage declined previously does not mean you cannot get a mortgage approved in the future.

Different lenders have a different set of criteria and credit requirements which we will be able to ascertain for you.