Bad Credit Mortgages

Specialist and subprime lenders are far more flexible than high-street banks. They assess risk differently and often accept applicants with:

✔ Missed Payments

• Late or missed payments on credit cards, loans, utilities, or mobile contracts
• Typically acceptable if older than 6–12 months
• Some lenders accept recent missed payments depending on severity

✔ Defaults

• Many lenders accept defaults once they are over 12 months old
• Some will accept defaults registered within the last 12 months if satisfied
• Higher loan-to-value (LTV) usually requires older defaults

✔ CCJs (County Court Judgments)

• CCJs over 12–24 months old are commonly accepted
• Some lenders accept CCJs within the last 12 months if satisfied
• Unsatisfied CCJs may still be accepted with lower LTV

✔ Debt Management Plans (DMPs)

• Active DMPs accepted by certain lenders
• Completed DMPs widely accepted
• Evidence of consistent payments helps

✔ IVA / Trust Deed (Completed)

• Many lenders accept applicants 12+ months after completion
• Some accept sooner with larger deposits

✔ Bankruptcy (Discharged)

• Typically accepted 3–6 years after discharge
• A few lenders consider applicants after 12 months with a larger deposit

✔ Payday Loans

• Accepted by several specialist lenders if older than 12 months
• Some accept more recent payday loans depending on overall profile