Mortgage With Multiple Defaults It Is Still Possible
Multiple defaults are more complex than a single default but mortgage solutions do exist. The key is having the right broker who knows which specialist lenders will consider your specific combination of defaults — their ages, amounts and whether they are satisfied.
🏦 What Lenders Look At
- Total number of defaults and the amount of each
- Age of the most recent default
- Whether all defaults are satisfied
- Whether there are any CCJs alongside the defaults
- Deposit size — typically 20-25%
❓ Common Questions
How many defaults can I have and still get a mortgage?
There is no universal maximum. What matters most is the total combined amount, the age of the most recent default and whether they are all satisfied.
What if all my defaults are old and satisfied?
Multiple satisfied defaults from 3+ years ago are significantly more manageable. Several specialist lenders will consider this profile with a deposit of 15-20%.
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.