Mortgage With Late Payments on Your Credit File More Options Than You Think
Late or missed payments are the most common form of adverse credit and the most straightforward to work with. Most people with late payments are surprised by how many lenders will consider them — particularly if payments have since been brought up to date.
🏦 What Lenders Look At
- Whether the accounts are now up to date
- The age of the late payments
- The number of accounts affected
- Whether late payments led to any defaults or CCJs
- Your overall credit score trend
❓ Common Questions
What is the difference between a late payment and a missed payment?
A late payment is made after the due date but before formally marked as missed. A missed payment was not made at all. Both appear on your file but a late payment is generally viewed less seriously.
Can I remortgage with late payments?
Yes. Remortgage applications with late payments are treated similarly to purchase applications.
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.