Told "No" by Another Broker, Bought Their Home Anyway
A default registered the month before you apply. Another broker says it's impossible. Is it?
How we got it done.
What they wanted
To buy their home, having already been told by another broker that they couldn't get a mortgage.
Why it was complex
A default of over £2,000 was registered just weeks before the application, on top of older missed payments.
How we structured it
We found the one lender that would accept the recent default. We chose a product with no early repayment charges so they can move to a cheaper lender as soon as their credit improves.
The outcome
They bought the house, and there is already a plan to remortgage onto a better rate.
“A 'no' from one broker isn't the end of the road. It just means you haven't found the right lender yet.”Josh Halsey, Founder and Director
Your home may be repossessed if you do not keep up repayments on your mortgage.
Adverse-credit mortgages usually carry higher rates. Think carefully before securing debts against your home.
This is a real, anonymised case shared with the client's permission. Every case is different, and outcomes depend on your own circumstances. We don't quote rates or guarantee outcomes.
Chatsworth Mortgage Group Ltd is an Appointed Representative of Cornerstone Finance Group Ltd, which is authorised and regulated by the Financial Conduct Authority.
In a similar situation?
Book a free, no-obligation call with Josh and talk it through.
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