Mortgages with Missed Payments.

Missed payments can affect a mortgage application, but they do not always make a mortgage impossible. The outcome depends on the type of missed payment, how recent it was, whether it was isolated or repeated, and how the rest of the case looks.

[ WHAT THEY CONSIDER ]

  • How many payments were missed

  • How recent the missed payments are

  • Whether the account is now up to date

  • Type of credit account

  • Whether the missed payment was isolated

  • Reason for the missed payment

  • Current affordability

  • Deposit size

  • Overall credit profile

Why missed payments matter to lenders?

  • A missed payment tells a lender that a credit commitment was not paid on time.


  • A single historic missed payment may be treated differently from recent repeated missed payments or mortgage arrears. The type of account also matters.

Missed payments caused by life events.

Sometimes missed payments happen because of illness, family pressure, job changes, bereavement, administrative error or unexpected financial strain. A clear and honest explanation can be important.

How we help?

Mortgage Centre reviews the missed payment details, wider credit profile, income, deposit and affordability before a lender approach is considered. This can help reduce the risk of unsuitable applications and avoidable declines.

[ FAQs ]

  1. Can I get a mortgage with missed payments?

    Possibly. It depends on how recent they are, how many there are, what type of account they relate to and the overall affordability position.

  2. Are mortgage arrears worse than other missed payments?

    Mortgage arrears are usually treated more seriously because they relate to secured borrowing.

  3. Will one missed payment stop me getting a mortgage?

    Not always. A single historic missed payment may be acceptable to some lenders.

  4. Should I wait before applying?

    In some cases, waiting until your credit conduct improves may increase lender options.

[ WHAT DO YOU NEED ]

Personal

Passport

Proof of address

Credit report

Income

Payslips & P60



SA302s & Accounts



Bank statements

Property

Memorandum of Sale

Estate agent details

Solicitor details

Your Questions, Answered

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[ GLOSSARY ]

  • HMO: House in Multiple Occupation

  • SPV: Special Purpose Vehicle

  • IVA: Individual Voluntary Arrangement

  • DMP: Debt Management Plan

  • CCJ: County Court Judgment

[ DISCLAIMER ]

Your home may be repossessed if you do not keep up repayments on your mortgage.