Mortgage With a Default in the Last 3 Years Specialist Solutions Available
A default registered in the last 3 years means mainstream lenders are almost certain to decline and specialist lenders are required. The good news is that specialist mortgage lending for recent defaults is well-established — these situations are handled by Darryl and his lender panel daily.
🏦 What Lenders Look At
- Exact age of the default — 2.5 years is materially different to 6 months
- Whether the default is satisfied
- The amount of the default
- Your deposit — 15-25% depending on age and amount
- Evidence of financial stabilisation since the default
❓ Common Questions
Can I get a mortgage with a default from 2 years ago?
Yes. A default from 2 years ago is firmly in specialist lender territory. Pepper Money, Kensington, Bluestone and Together Money regularly consider defaults at this age with a 15-20% deposit.
Should I wait until my default is 3 years old?
The 3-year point is a meaningful threshold with many specialist lenders — it often unlocks better rates and lower deposit requirements.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
This page is for general information only and does not constitute regulated financial advice. The Mortgage Geezer is a trading style of Access Financial Services Ltd who are authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 301173. Registered in England No. 04427489. Registered office address Access Financial Services Ltd, Unit 1 Furtho Court, Towcester Road, Old Stratford, Milton Keynes, MK19 6AN.