Mortgage with Defaults

Talk to Simply Adverse about mortgages with a default:

  • Getting a mortgage with a default
  • Access to mortgage lenders who accept defaults
  • Defaults on your credit report
  • Tailored bad credit mortgage advice
  • Authorised & regulated adverse credit specialists with hundreds of 5-star reviews

Take our online mortgages with defaults quiz and discover whether you could qualify for a mortgage. It’s quick & easy, with no credit check.

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Coronavirus (COVID-19) Mortgage With Defaults Update

Simply Adverse continues to work through the Tier restrictions in the UK to support our customers with both new and existing applications. Check out our guide to the impact of coronavirus on bad credit mortgages.

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 today.

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Why Approach Simply Adverse for Mortgages with Defaults?

Reason 1 To Choose Simply Adverse - Bad Credit Mortgage Specialists

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.

Reason 2 To Choose Simply Adverse - 9 Years Experience In Adverse

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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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.

get a mortgage with defaults

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 09:00 - 22:00 and Sat/Sun 09:00 - 20:00. Alternatively request a call back at a time convenient to you.
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Do You qualify?
It's quick & easy. No credit check.

How Simply Adverse Can Help

Simply Adverse: a nationwide, whole of market mortgage broker that provides specialist, professional services for clients with an adverse credit history. We help connect mortgage applicants with defaults to bad credit mortgage lenders and mortgage with default lenders.

If you have defaults, and are concerned that this will prevent you finding a mortgage then we can help.

Reason 1 To Choose Simply Adverse - Bad Credit Mortgage Specialists

We Take The Strain
Why take on all the hard work of applying for a mortgage with defaults when you can ask us to do it on your behalf. Simply Adverse work on your behalf to find a competitive mortgage deal for your particular circumstances.

Reason 2 To Choose Simply Adverse - 9 Years Experience In Adverse

Don’t Pay Until an Offer is in Place
We won’t ask you for any upfront payment. When you choose to use Simply Adverse you won’t be charged anything until a formal mortgage offer is in place. This gives you the option to walk away at any time.

Reason 2 To Choose Simply Adverse - 9 Years Experience In Adverse

Take the Mortgage with Defaults Eligibility Quiz
The excellent Simply Adverse service includes our mortgage with defaults eligibility quiz. This is a great tool for discovering your position in relation to getting a mortgage.

Getting a mortgage with defaults is not as easy as getting a mortgage with good credit, but with the expert advice from Simply Adverse, the whole process can be made much easier. No matter your exact circumstances, we are fully Cemap qualified to provide advice on your mortgage search.

Which Mortgage Lenders Does Simply Adverse Work With?

Choosing Simply Adverse as your mortgage with defaults 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: -

  • Pepper
  • Aldermore
  • The Mortgage Lender
  • Kent Reliance
  • Bluestone Mortgages
  • Kensington
  • Masthaven
  • Precise Mortgages

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 defaults mean 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.

Your home may be repossessed if you do not keep up repayments on your mortgage.

What You Will Pay For Our Services and When – Mortgage Advice

This fee is for advice, research, recommendation and implementation (e.g. application, administration of arranging the loan). We will also be paid by commission from the lender.

Our broker fee is £1995 which is payable upon receipt of your mortgage offer. You may have the option to pay the broker fee upon completion for remortgage applications only, the broker fee for this would be £2495.

Our fee is only payable upon receipt of your mortgage offer, we do not charge any upfront fee for identification of any potential solutions.

Legal Information

Simply Adverse is a trading style of Simply Investment Ltd. Simply Investment Limited is an Appointed Representative of Simply Lending Solutions Ltd who are authorised and regulated by the Financial Conduct Authority FSR Number 745164. 

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Simply Investment Ltd. Registered in England and Wales Company no: 06528590. Registered Office: Unit 15, Runwell Hall Farmhouse, Hoe Lane, Rettendon Common, Essex, England, CM3 8DQ.

Simply Adverse
15 Runwell Hall Farmhouse
Hoe Lane
Rettendon
Chelmsford
Essex
CM3 8DQ

Email: info@simplyadverse.co.uk
Tel: 01245 330163

Bad Credit Mortgage Help and Advice

Disclaimer

All content on the Simply Adverse website is believed to be accurate at the time of publication. However, this is a fast-moving sector and lender criteria and policies change regularly. For this reason, we always recommend that you speak to one of our brokers for the most up to date information.

Articles can only ever provide general information and do not constitute financial advice. Our mortgage brokers are fully regulated by the Financial Conduct Authority, and it is only by speaking to them that you will receive advice and information tailored to your individual circumstances. Your home may be repossessed if you do not keep up with repayments on your mortgage.

You should always think carefully, and seek professional advice, before securing other debts against your home or releasing equity from your home.

Complaints

In the event of a complaint, please contact Simply Lending Solutions Limited who are our Principal firm and are therefore responsible for investigating any complaints made against us. They can be contacted either in writing, by email or by phone. For contact details and to read the complaints procedure, click here.

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