Mortgage With One Missed Payment You Almost Certainly Qualify
A single missed payment is the mildest form of adverse credit and one of the easiest situations to place with a mortgage lender. The majority of specialist lenders — and even some high street lenders — will consider you, depending on how long ago it was and whether the debt was subsequently paid.
🏦 What Lenders Look At
- How long ago the missed payment occurred — older is better
- Whether the debt has since been paid
- Your overall credit profile since the missed payment
- Deposit size — 10%+ significantly widens your options
- Your income and affordability
❓ Common Questions
Will one missed payment stop me getting a mortgage?
In most cases no. A single missed payment is the mildest form of adverse credit. Most specialist and many mainstream lenders will consider you depending on age and overall credit profile.
How long does a missed payment stay on my credit file?
Six years from the date recorded. However many lenders focus on pattern of behaviour rather than a single isolated missed payment.
Which lenders accept one missed payment?
Many mainstream lenders will consider a single missed payment over 2-3 years old. Specialist lenders including Kensington, Pepper Money, Bluestone and Precise consider more recent ones.
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.