High Street lenders do not have an appetite to lend to people who have problems with their credit profile.
This doesn’t mean getting a mortgage is impossible but it does reduce your options considerably and it is likely you will need a bigger deposit and pay a higher interest rate.
That said, there are mainstream lender who will ignore small defaults under some circumstances, so it is worth us investigating.
The first part of the journey is to get a copy of your credit report. The three main credit references that are used by lenders are Experian, Equifax and Transunion.
We recommend Checkmyfile. They produce a credit report that has the results of Experian, Equifax and Transunion on one report. To get a free trial with Checkmyfile click here (new customers only).
Once you have a copy of your current credit report, we can go to work! Excel Mortgages have over 40 years’ experience of helping people find the perfect mortgage. Put us to the test!