Missed mortgage payments are the most serious adverse credit event for lenders — but they don't automatically prevent remortgaging. Equity and time since arrears are the key variables.
A lender considering giving you a new mortgage wants confidence you will repay it. If you have previously missed payments on a mortgage — their primary security — they see this as the strongest possible risk signal. This is why missed mortgage payments are treated more seriously than CCJs, defaults or even IVAs by most lenders.
Time since the missed payments is critical. Payments missed over 2 years ago with clean mortgage payments since are much more manageable than recent arrears. Equity is the second key factor — at 40%+ LTV, the lender's security is strong even with some payment history concerns. Darryl identifies which specialist lenders have the most favourable criteria for your specific arrears history.
CeMAP and CeRER qualified independent mortgage broker. FCA regulated — No. 301173. Based in Bedford, serving clients across the UK since 2015. Specialises in adverse credit, complex income and specialist mortgage cases. Every client works directly with Darryl — no handoffs, no call centres.
Context does matter in manual underwriting. A period of missed payments during a documented illness, with clean payments restored since, is assessed differently to a pattern of financial difficulty. Darryl presents the circumstances clearly to the underwriter.
For a new purchase, most specialist lenders require mortgage arrears to be at least 12-24 months old and fully resolved. With a 20%+ deposit and arrears over 12 months old, Darryl can identify suitable specialist lenders.
There is no fixed minimum but practically speaking, arrears within the last 12 months limit options severely. Arrears over 2 years old with clean payments since give significantly more lender options. Darryl assesses the specific timing and advises on the best approach.
Your home may be repossessed if you do not keep up repayments on your mortgage. Darryl Dhoffer is an appointed representative of Access Financial Services Ltd, authorised and regulated by the Financial Conduct Authority — FCA No. 301173. Registered England No. 04427489. General information only — not regulated financial advice.
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