The best way to work out whom to apply to for a mortgage with defaults credits is to work with your broker who can assess the best lenders, whether you need a mortgage with 4 year old default history or ate looking into how to get mortgage with default issues that have just happened.
Our assessments help to establish your exact circumstances and steer your application towards the most appropriate lenders.
Otherwise, there are a few tips you can work through to improve your chances of mortgage approval:
Check Your Credit Reports
If you have defaults on your credit file, it is essential to access your reports and assess them for any inaccuracies or errors, which you can dispute.
Most mortgage lenders use one of, or all of, Experian, Equifax and TransUnion, so it is wise to access your credit file from each of these leading credit referencing agencies.
Some lenders have stringent criteria when it comes to lending to applicants with defaults. Still, because each credit referencing agency is different and uses their own scoring criteria, it is worth looking into all three to ensure each is up to date and accurate.
Assess Your Credit File and Mortgage Criteria
When you have your credit reports, you should share them with your broker to save time and before making any decisions about getting a mortgage with a default. Our team can work with you to assess the most severe issues, resolve errors, and dispute inaccuracies.
This is a vital part of the process as it enables our bad credit team to assess whether there is one default or many, how recently these occurred, and whether there are other adverse credit issues to take into consideration.
Getting a Mortgage With a Default History
The best way to start the application process is to work with an experienced bad credit broker who can help you choose which lenders to apply to and compile your application documentation.
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2023-05-09 
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