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Your specialist mortgage advisor for late payments & bad credit.

Don’t let late payments stand in between you and your dream home. Get expert mortgage advice for bad credit today.

Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.

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Useful links to begin your Bad Credit Mortgage Journey


First Time Buyers

Being a first-time buyer can be scary, especially when you have bad credit. Our specialist mortgage advisors are here to show you the way.

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Shared Ownership

Looking to get shared ownership mortgages with bad credit? Our mortgage advisors are here to help you secure the right product for your needs

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Getting a mortgage after bankruptcy can be difficult, but the property ladder is within your reach. Talk to our expert mortgage advisors today.

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Low Credit Score

Feeling low about your low credit score? The right mortgage for you is just around the corner. Our expert advisors are here to help you find it.

Finding The Best Mortgage With Late Payments Deal For Your Circumstances

If you have late payments on your credit report, you may be feeling frightened that you won’t be able to own the home of your dreams after all. You don’t have to worry. We’re here to help you navigate the process and find the finance you need even when the bank says no. We’ll provide you with helpful information, useful tools, and plenty of advice to dramatically improve your chances of mortgage success. The mortgage process can seem scary, especially if you haven’t kept up with payments in the past. But, with our friendly team on your side, the right mortgage is within reach.

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We’re here for you.

Whatever your particular situation, our specialist mortgage advisors are here to help. We’ve helped people from all sorts of backgrounds purchase their dream homes. Maybe you have one or two late payments on your credit report; maybe you’ve missed a couple and are in arrears. We listen, we understand, and we support. From initial enquiry all the way through to approval, we’re here to make your home-owning dreams come true.

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Let's get the ball rolling.

We can support you and help you to make yourself as attractive to banks as possible, ready for your next application!

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Check your credit file.

In order for us to assess your credit history and suitability for different mortgage products, you will need to check your file.

Can I get a mortgage with late payments?

Simply put, yes! Sometimes it may seem impossible to get a mortgage if you already have late payments or defaults on your credit report, but there are always options to be considered. Your credit report may show a number status, e.g., 1,2,3,4. What this means is how many late payments you have at any one time. Lenders may be concerned about arrears being built up on your credit account, and the number of times you have been late on payments.

However, late payments are often considered relatively minor marks on your credit report due to human nature, so they don’t need to be feared. Most lenders will take into account the number of late payments in the last 6 years, but some ignore any over 3 years old. A mortgage advisor experienced in bad credit mortgages can help you find an appropriate lender and support you through the application process.

I have a few late payments on my credit file. Will I be declined for a mortgage?

Multiple late payments can reduce the number of mortgage deals available to you, however some late payments may be ignored by lenders such as those concerning utility bills. It’s important to remember that lenders are human too, and a specialist bad credit mortgage advisor can help you find your way to the right one, and boost your chances of getting accepted.

Turning Your Nightmares Into Dreams

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When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.

I only found my late payments when I was declined for my mortgage.

Being declined for your mortgage and discovering surprise late payments can be incredibly upsetting – but you’re not alone. This phenomenon is actually quite common, occurring when people move and forget to update their forwarding addresses or utilities companies. Whilst this is no consolation, the good thing is that you know about the situation now. Our team of specialist advisors can present your case to lenders who will be more than happy to consider you. We know mistakes happen – and lenders know this too!

How long will the late payment affect my ability to get a mortgage?

Late payments often stay on your credit report for 6 years. A lender may be concerned if you are applying for a mortgage with late payments and have a large number of events on a recent credit commitment. A large number of late payments over a period of 12-24 months will have an impact on the amount of mortgage deals and lenders open to you. On the other hand, if you have just one late payment in the last 12 months, many lenders will choose to ignore it, focusing more on credit scoring.

Frequently Asked Questions

Should I bring my accounts up to date when applying for a mortgage?

Showing your willingness to repay debt is a great way to strengthen your chances of getting a mortgage. Lenders will be concerned if you have lots of late payments near the time your application is submitted. Making these payments and retaining the receipts can be really helpful as these can sometimes be evidenced to the lender.

Before we look into moving on from a rejection based on late payment, it’s important to understand what exactly a late payment is – and how this differs from a missed payment. A late payment refers to when a payment is made 30 days or more late. A payment is considered missed when it is simply not paid. Missed or late payments can have a huge impact on your credit score, so it’s important to keep a keen eye on what’s due when!

Secured borrowing is considered a serious form of late payment – more serious than late payments on utility bills, for example – but this doesn’t mean you will never get a mortgage. It will reduce the amount of mortgage deals available to you now, and this can be incredibly disheartening. We have helped many clients get back on the property ladder and overcome the events that have led to unfortunate situations like this. We’re here for you

Avoiding late payments will put you in a better position when it comes to applying for a mortgage. To do this, set up direct debits on any current credit commitments you have to make sure they don’t damage your chances. It’s also important to make payments on time for any revolving credit you have – that means paying off things like credit cards in a timely manner every month. You should also be careful to update your address if you move with every one of your utility providers, as late payments due to simple mistakes like these can remain on your credit file for 6 years.

We encourage all of our clients to obtain an up to date credit report before applying for a mortgage. If you don’t agree with the information and can provide evidence to support this, it may be worth applying for what is known as a ‘notice of correction’. Our team of specialists can help you navigate this process, put your credit report right, and get you back on the right track. However, if waiting for this notice may mean your dream home slips away, there are alternatives to consider which we will be happy to advise you on

Typically, late payments show on your credit report for 6 years and then will no longer show. Some mortgage lenders don’t look beyond 3 years though, so, depending on your situation, there may be a lender appropriate for your situation now. Our specialist mortgage advisors have years of experience helping people find mortgages even when they have bad credit. If you’re concerned about late payments on your credit file, we’re here to help you find your way

 Offer a Larger Deposit

When it comes to applying for a mortgage with any form of ‘bad credit’, deposit can be a key element of loosening the lock on your ideal mortgage. When applying for a mortgage after with late payments on file, applicants are often recommended to offer larger deposits. Offering a larger deposit reduces the perceived ‘risk’ attached to your application, it can also offer you access to more lenders with better rates.

Check and Update your Credit Reports

If late payments have affected your mortgage application, the first thing to do is regain control of your personal finances. Lenders often use three main resources when assessing candidates, these being TransUnion, Equifax and Experian. Luckily, applicants also have the ability to check their reports on these platforms – ensuring that they are all up to date and correct. If you spot any late payments that were out of your control, it is possible to contact the relevant agencies to have explanations added to your report. Situations where this might apply include if an employer went out of business or an applicant spent an extended period in hospital.

Pay Any Outstanding Late Payments

On a similar note, if a mortgage application has been rejected on this basis, it is important to ensure any outstanding late payments are attended to. It is also important to gather evidence of this as it may be useful when approaching future lender.

Build Up a Good Credit History

Once you’ve dealt with your previous history, it’s important that your current credit behaviour keeps the path to your dream home as clear as possible. This includes paying all bills or loan settlements on time or setting up direct debits to ensure payments are not forgotten. Another option worth noting is credit cards. While credit cards are not typically recommended to those with history of issues making payments, they can be a great way of demonstrating responsibility when it comes to borrowing and repaying.

Late payments can be real monsters for your credit score. Late payments are often logged on credit records. Unfortunately, credit records are primary reference points for lenders when choosing whether or not the wish to grant a mortgage. Of course, missing payments can be a genuine accident. For this reason, many lenders are happy to overlook late payments if there are only one or two. On the other hand, some lenders may have more strict policies whereby even one recent late payment could result in a rejection. If an application is rejected for this reason, it is possible to appeal – but this can be a time consuming and stressful process.

When looking for the right mortgage provider after a history of late payments, research is key. If a lender has a history of rejecting applicants with late payments – it might be best to review other options. Once a rejection has been received, it is recommended that you wait before applying for one elsewhere. Applying to the wrong provider can set you back on the road to your financial goals. For this reason, contacting specialist lenders such as When the Bank Says No can offer some relief from the fear of rejection for late payments.

Dedicated mortgage advice & support for late payments.

Late payments happen every now and then – no one’s credit report is perfect, and the odd mistake won’t scare lenders away! Even if you have a number of late payments, there are options open to you, and our friendly team can help you find them. When the Bank Says Know specialises in supporting hopeful homeowners as they navigate the complex mortgage process. With our help, many clients have achieved the finance they need to secure their dream homes – even when it didn’t seem possible at first. Whatever your situation, we’re ready to support your unique journey.

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