SPECIALIST ADVERSE CREDIT MORTGAGE ADVICE
Worried your credit history could affect your mortgage? Our specialist advisers can help you understand your options.
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Arrears on your credit file do not automatically rule out a new mortgage, but they do narrow the lender market and move the case into the specialist pool. Whether you have mortgage arrears from a previous property, rent arrears, utility arrears or credit account arrears, specialist lenders consider cases based on the type, age, severity and current status of the arrears alongside the rest of your file.
Arrears appear on your credit file in various forms. Mortgage arrears from a previous property stay on file for six years from the point they were cleared or the account was closed. Credit card and loan arrears show similarly. Rent arrears usually do not appear on credit files unless they went to CCJ. Each type is treated slightly differently by specialist lenders.
The key factors are how long ago the arrears started, how many months of arrears accumulated, whether the account was eventually brought up to date or defaulted, and your conduct since. Specialist lenders will consider cases where mainstream lenders decline, but the deposit requirement is usually larger and rates sit above mainstream.
We talk through your situation and goals. No obligation, no credit mark.
We assess the specifics and everything else lenders will want to know.
We target the specialist lenders whose criteria fit your case.
We package the case, submit it and guide you through to offer.
We are an FCA-regulated specialist mortgage broker, authorised under Firm Reference 1002905. Our day-to-day work is heavy on cases that fall outside mainstream lender criteria, which is where whole-of-market access matters most.
You deal with named advisors who place these cases every week, not call centre staff reading from a script. The result is faster assessments, straighter answers and better case placement.
In many cases, yes, provided the arrears are no longer current and your recent conduct is clean. Specialist lenders consider historic mortgage arrears cases, with the deposit requirement varying by severity.
Arrears sit on your credit file for six years from the point the account was closed or the arrears were cleared. The nearer they are to dropping off, the easier the case.
Yes. Mortgage arrears are treated more severely than credit card or utility arrears. Rent arrears generally only appear on your file if they went to CCJ.
Specialist arrears cases usually need 15-25% deposit, with larger deposits opening more lenders. Severe or recent arrears may need 25%+.
Yes. Specialist arrears mortgage rates sit above mainstream rates. As the arrears age and your clean conduct extends, remortgaging onto better rates later becomes possible.
Yes, specialist lenders consider cases where a previous property was repossessed, usually requiring more time since the repossession and a larger deposit.
No. An initial conversation and look at your situation is a soft enquiry and leaves no mark on your credit file.
Our office is in Nottingham, at Park Lane Business Centre, NG6 0DW. You do not need to visit. We help arrears mortgage clients across the UK by phone, email and video.
A free initial chat gets you a clear view of what’s actually possible. Soft search only, no obligation, no commitment.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
My Mortgage Specialist Ltd is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 1002905, an Appointed Representative of TMG Direct Limited (FRN 786245) which is authorised and regulated by the Financial Conduct Authority. The guidance contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Some types of buy to let mortgages are not regulated by the Financial Conduct Authority. As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments.
