Make an Enquiry Here      Check Mortgage Rates Here      Shared Ownership Calculator  Arrears are simply debts that you have, It is completely possible to get a mortgage or even remortgage if you have arrears or other debts against your name. You will however be seen as a higher risk individual to lend too which can make it more tricky to get a mortgage or cause the lender to charge a higher or different rate. How large a deposit you will need depends on the extent of your previous arrears. For example:

• Arrears status 1 – Over 9 months ago – 15% minimum deposit.
• Arrears status 2 – Over 9 months ago – 20% minimum deposit.
• Arrears status 2 – Over 6 months ago – 25% minimum deposit.
• Arrears status 3 – Over 6 months ago – 30% minimum deposit.
• Arrears status 6 – Over 12 months ago – 25% minimum deposit.
• Arrears status Repossession – Over 12 months ago – 25% minimum deposit. 

Make an Enquiry Here