Mortgage With Defaults Experts
Welcome to A Little Mortgage Advice
Can you get a mortgage with a default? With our help, you can! We are A Little Mortgage Advice, and we are experts in getting mortgages for those with defaults, even if they are not satisfied (not paid off). With our experience and knowledge, you have the best chance of getting the mortgage you need.
Mortgage With Defaults
Are you looking for a mortgage with defaults on your credit file? Then stop searching and get in touch because this is what we specialise in!
We are an experienced bad credit mortgage broker with a wealth of knowledge in adverse lending, making us your perfect partners in securing a mortgage with a default. We have direct access to all subprime and adverse lenders and speak with their underwriters regularly to get your mortgage accepted, even if you have been turned down elsewhere.
We know our stuff, and it won’t cost you a penny if we can’t help you.
Same day decision in principle available for urgent cases.
Our specialist mortgage advisor can help.
01268 387898
Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Can I Get a Mortgage with a Default?
We are experts in getting mortgages for people with defaults, so you are in safe hands.
It can be tricky to secure a mortgage with defaults on your credit file, but there are a number of lenders who do accept bad credit, and it is with the help of your Mortgage Advisor that you can find the best one for your circumstances.
Even if you have recently missed payments that have resulted in a default or have multiple defaults on your credit file, we believe that we are your best chance of getting a mortgage because we have years of experience and are qualified specialists in this field.
Whether you are a first-time buyer, a home mover, remortgaging your house for home improvements or remortgaging to consolidate debt we are here to find you a solution. A mortgage with defaults has never been more accessible than with us!
How We Can Help
As a specialist adverse credit mortgage broker, we have worked with hundreds of customers to help them secure their mortgage – even when they have defaults on their credit file. We work specifically with lenders who specialise in mortgages where a client has adverse credit, and there are many with specific eligibility criteria who may suit your circumstances.
If you are looking to apply for a mortgage with defaults, our team at A Little Mortgage Advice will discuss your situation and advise you on the best solution, allowing you to proceed with a mortgage that is the perfect fit for you.
Find out if you qualify by completing the form below.
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Get Your Credit Report
Obtaining a credit report to help give you the best chance of getting the right mortgage. At A Little Mortgage Advice, we recommend checkmyfile because of their reliability and accuracy of reporting.
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*A Little Mortgage Advice receives a small fee from checkmyfile. Monthly fee of £14.99 applies after your free 7-day trial. You may cancel at any time without charge by Freephone, Secure Message, email or online. The free 7-day trial applies only to new customers aged 18 years or more who are living in the UK. The 7-day free trial period starts when you register.
Why Choose A Little Mortgage Advice?
Specialist Advisor
We’re a specialist independent mortgage broker with access to all U.K. mortgage lenders, meaning that we search the whole of the market to find you the best mortgage product to suit your individual circumstances. A Little Mortgage Advice Brokers really do go that extra mile for our customers.
Personalised Service
As a small, independent mortgage advice brokerage, you will have a dedicated mortgage advisor who will stay with you throughout the mortgage process. We dedicate the same amount of time to each customer, never leaving you waiting, responding quickly and answering all of your questions so you feel comfortable and confident that you are in safe hands.
Five-Star Reviews
Every customer interaction, email, and phone call is important to us. We pride ourselves on offering a five-star service at all times, our reviews speak volumes and so do the awards that we have won for outstanding service.
No Obligation Quote
We offer a free no-obligation quote and helpful advice throughout the process. So, finding out if we’re the right fit for you won’t cost you a penny. It’s as easy as picking up the phone and giving us a call, you have nothing to lose and a lot to gain because our mortgage adviser is qualified and experienced.
Can I get a mortgage with a default?
The answer is YES; you can get a mortgage with a default or even multiple defaults! However, it is advisable to use a specialist bad credit mortgage broker to improve the chance of your mortgage application not just being accepted, but being accepted at the best interest rate for your circumstances.
In some cases, it is possible to get a mortgage with a high-street lender even with defaults. We will always explore this option in the first instance, before moving on to more specialist lenders.
What does a Specialist Mortgage Broker Do?
A Specialist Mortgage Advisor will fully assess your credit report, looking for the date any bad credit has been recorded, they will also look for the amount and check if the debt has been satisfied (paid off/cleared) or not.
Once your mortgage broker has identified any credit issues, they will then start to source the best mortgage lender for you, one who will accept your individual circumstances at the best rate available, this is a Financial Conduct Authority (F.C.A.) requirement.
This process is complicated, and it takes a combination of knowledge, experience and a number of tools available to specialist brokers. Each lender will have differing criteria when it comes to bad credit, so it is definitely a job for an experienced specialist adverse mortgage broker who will approach the right lenders straight away.
Not all advisors are specialists in bad credit, and using an inexperienced mortgage broker could cause many more problems for you. This includes using a blanket approach, where they approach lots of lenders in the hope that one will accept your mortgage application. This will result in your credit score getting lower because they will be running lots of credit searches in your name.
A bad credit mortgage broker may also be referred to as a poor credit mortgage broker or even an adverse credit mortgage broker. We tick all three boxes, so you can count on us to find you the best mortgage with defaults!
What is a default on my credit report?
A default is the financial term that is used when a credit agreement has been broken, and the lender closes your account. For example, you have entered into a mobile phone contract to pay an agreed amount every month for say 18 months, but during that time, you miss payments. In the first instance, the credit lender will record a missed payment on your credit report every time you miss a payment, but once you have missed three to six payments, the lender will issue a default notice that will be registered on your account. This can happen with any credit agreement you have, whether that is a car, utility bill, catalogue, loan, or overdraft.
What happens when I get a default notice?
When a lender issues a default notice, the amount you owe will become payable in full straight away. You can, in some instances, offer to pay monthly instalments, but this is down to each individual lender whether they accept monthly payments. They are not obliged to, so don’t assume that you will be able to do this.
If you can’t pay the full amount and the lender won’t accept a monthly payment plan, they are likely to pass your debt over to a debt collection agency who will chase the debt on their behalf. This will undoubtedly incur further costs and if you still do not come to an agreement, the debt collection agency can then apply to the court to repossess the asset or issue a County Court Judgement.
How long does a default stay on my credit report?
A default will show up on your credit report for six years from the date that it was issued. It will affect your chances of getting any credit whilst it is visible on your credit report, including making it much harder to obtain a mortgage. That is why it is essential to work with a broker who has experience obtaining a mortgage with a default for their clients.
Talk to Us
If you want to find out more about us and our services, then please get in touch with our friendly team today. Remember, if we cannot find a mortgage for you, you will not have to pay us a penny! So, with nothing to lose, why not see how we could help you?