What if I have mortgage arrears?

Hot Topics

Will I Have To Pay An Arrangement Fee And How Much Will It Be?: The Arrangement Fee is also known as an Administration or Application fee and it’s designed to cover your lender's administrative costs for setting up the mortgage.
Interest Rates Explained: APR is used to identify the true cost of borrowing and to provide you with a method of comparing the true costs of a loan.
How Is Interest Calculated On a Mortgage?: Interest is charged in different ways depending on what kind of mortgage you have.
Unusual Properties: What happens if I have an unusual property?
What are Self Certification Mortgages?: When you apply for a mortgage, the lender will require from you proof that you will be able to maintain the mortgage payments, and do not present a risk of non-payment for the large amount of money you are borrowing.

If you have mortgage payments that have not been made by the due date in accordance with the mortgage deeds, you will have gained a bad credit history on your credit report. This may hinder you when trying to obtain further credit such as a credit card, loan, or another mortgage.

With mortgage arrears showing on your credit history you will need to apply for a bad credit mortgage from a sub-prime lender. This means you will have to pay higher interest rates and agree to less favourable terms than a normal mortgage agreement because you will be classed as a high risk borrower by your mortgage lender.

If you have a history of mortgage arrears you should still be able to get a mortgage through Brokers Online. Fill in the easy, quick quotation form and one of our mortgagve partners will get back to you with a range of competitive quotations from leading mortgage lenders.

What is a Fixed Rate Mortgage?

1st Time Buyer - Buy to Let Mortgages - Capped Rate Mortgages - Discount Mortgages - Fixed Rate Mortgages - Flexible Mortgages - ISA Mortgages - Low Setup Cost Mortgages - Self Cert Mortgages - Tracker Mortgages - 100% Mortgages Cashback Mortgages - Adverse Credit - Buy to Let - Commercial Mortgages - Company Directors - Equity Release - Fixed Rate Mortgages - Income Multiples - Interest Rates Explained - Mortgage Glossary - Mortgages Explained - Previously Declined - Refinance Mortgages - Repaying Mortgages - Right to Buy Mortgages - Self Employed - Unusual Properties - Variable Rate Mortgages

-- Please Note --
This web site is owned by Andromeda Webs Ltd. Andromeda Webs Ltd, is an Appointed Representative of Web Publishing House Ltd. Web Publishing House Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.