Mortgages With Defaults

One of the most common reasons that people are knocked-back from a mortgage is because of defaults on their credit file.

If you were applying for a mortgage with a high street lender and you had defaults on your credit file, there’s a strong possibility that you will face rejection. This is because many lenders on the high street will generally only provide you with a mortgage if you have a squeaky clean credit score.

But we understand that life is full of unexpected twists and turns, which can result in your credit score being negatively impacted. You may have faced financial difficulty, got yourself into some debt and before you know it, your credit score has been seriously damaged.

Whatever your past holds, we are not here to judge – we are here to help provide you with the ideal mortgage that is most suitable for your individual needs. Already, we’ve helped lots of people that have been declined a mortgage due to defaults on their credit score and we can help you too. Even if your circumstances are not so straight-forward, from having bad credit, to being self-employed.

We have access to over 50 lenders all across the country that are ready and waiting to help you secure your ideal mortgage. We work with those providers in order to find you the best mortgages available from each one.

Can I Get A Mortgage with A Default?

The good news is, mortgages with defaults are within reach for individuals with specialist circumstances. The market for adverse credit lending has grown significantly since the credit crunch and some lenders continue to relax their pass level requirements as things continue to develop.

However, it doesn’t necessarily mean that it will be a breeze getting approval for mortgages with defaults. There’s still some work to do, but the process can be made a lot smoother when you seek the help of specialist mortgage advisors that know the market inside out and know what is required in order to get your application approved.

Kiran
Kiran
2024-01-15
Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!
L Fowler
L Fowler
2024-01-04
Matthew and his team have gone above and beyond to help us with our mortgage. As first time buyers we decided to seek advice from a mortgage advisor. After having an offer accepted on a house we needed some support with the mortgage fairly quickly and Matthew managed to fit us in out of usual hours to suit us. We had a very detailed call with him and all our questions were answered. From this point onwards Kirsti managed our application and the whole process was fast and effortless as they managed everything. We made the best decision using Regal finance. If you choose to go with Regal you’ll be in good hands.
Jamie Wells
Jamie Wells
2024-01-04
I can’t recommend regal finance group enough. Kirsti and Matthew have been amazing. They are so quick to respond and the advice they give has been so helpful. Don’t hesitate to get in contact if you need a mortgage. Thanks Jamie and Lauren
Sam Powell
Sam Powell
2023-12-07
Excellent service and company
Erion Andoni
Erion Andoni
2023-10-10
I recently had the pleasure of working with Rick to secure a mortgage for my new home and a buy-to-let mortgage for my existing property. Rick's assistance was truly invaluable throughout the entire process. Rick effortlessly guided me through both processes, making sure every detail was covered. His commitment to assist and his availability and willingness to answer my questions, no matter how small was exemplary. Rick's expertise in mortgages was impressive. He made a complex process seem straightforward. I wholeheartedly recommend Rick as a mortgage broker. He is not only skilled but also genuinely cares about his clients' success.
Yolanda
Yolanda
2023-09-27
I did my due dilligence looking at various brokers and was pleased to have received excellent help and direction from the Regal Finance Group. From the lead advisor to the administration team we were kept updated and communication was steady. Our situation was not an easy one for the team but they persevered and assisted us well.
Peter Nelson
Peter Nelson
2023-08-22
We've had a great experience with Regal Finance Group both getting our mortgage initially and now re-mortgaging a few years later. Particulalry during the current turbulent market we really appreciated how calm they made us feel by presenting our options clearly and answering all of our questions. We'd highly recommend them, they have really taken the stress out of mortages!
samantha sothcott
samantha sothcott
2023-08-02
Matthew and Kirsti at Regal Finance have been absolutely brilliant through a difficult remortgage. Always available to talk through anything and explain processes when needed. I would definitely recommend their services and thank them for their guidance.
amy evans
amy evans
2023-08-01
Kirsti and Matt were super helpful and always at the end of the phone to explain everything in detail to me. They saved us a lot of money and had great contacts to use and everyone worked together really well to get it over the line in time. Would highly recommend
izzy P
izzy P
2023-06-15
Can not recommend enough! Matthew and his team gave me the most amazing support throughout my process. Buying a property for the first time can be daunting and Matthew gave me fantastic advice and talked me through everything in as much detail as I needed.

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How To Get A Mortgage with Defaults

In order to give you the best chance of success when it comes to mortgages with defaults, there are certain things you can do yourself in order to boost your chances.

Firstly, Find Out What’s On Your Credit Files

To give yourself a good chance of being accepted when it comes to mortgages with defaults, you need to be able to know what the current state of your credit file is like. In order to provide you with the most useful and relevant advice, we need to have a good understanding of your current position, so we can establish the most suitable lenders for you. That’s why we stress the importance of seeking advice from specialists who know what they are doing.

The best way you can see the status of your credit file is by utilising a credit report service such as Noddle, Experian or ClearScore. It can be significantly beneficial if you use more than one, as each lender uses a different reference agency and if you have had bad credit, the reports will look very different. Once you have them, you should have the reports ready to send to your advisor.

Three, Simple Steps To Your New Mortgage

When you’ve compiled all your information ready to show to your advisor, the next step is to make an application or enquiry and one of our friendly advisors will contact you shortly. Once we’ve been in touch, all you need to do is send us the documents we require and you will receive a Decision in Principle from one of our lending panels – it really is that simple!

Save Yourself The Time and Hassle – Let Us Lend A Hand

Getting a mortgage if you have other credit issues as well defaults can make things even harder for you and will impact the lenders that’ll consider you, the rate, fees, and the loan to value.

Mortgages with defaults aren’t easy to obtain on your own. But with expert help and guidance from advisors that know the market inside-out, you can save yourself the time and hassle of trying to find the right mortgage for you. Not all mortgage and protection products are the same and we understand the differences in order to help you find the perfect product.

So what are you waiting for? Give us a call today if defaults are stopping you from securing a mortgage.

Get A Mortgage With Regal in 3 Easy Steps

One

Step 1

Complete an enquiry form and an advisor will call you back.

Two

Step 2

Send us the documents we need.

Three

Step 3

Receive a Decision in Principle from one of our lending panel.

Got A Question? Get In Touch