A missed payment, a default, or a difficult period does not have to mean the end of your homeownership ambitions. There are lenders who will look at the full picture, not just your credit file.
Credit problems happen for all kinds of reasons. Redundancy, relationship breakdown, illness, the cost of living squeeze life does not always go to plan. The good news is that the mortgage market has lenders who specialise in exactly these situations, and We know how to find them and present your case in the strongest possible way.
One or two missed payments from a difficult period are viewed very differently by specialist lenders than a pattern of missed payments. How old they are and what caused them matters enormously.
A default does not automatically disqualify you. The amount, the age of the default, whether it has been satisfied and the type of credit involved all factor into how lenders assess the risk.
CCJs can be a significant obstacle with mainstream lenders, but specialist lenders will consider them, particularly if they are older, satisfied, or below certain value thresholds.
A previous repossession is one of the more serious adverse credit issues, but it is not necessarily a permanent barrier. Time, stability and a clear picture of what happened and why all contribute to a stronger case.
Your employment in a stable, essential role is a significant positive factor in how lenders assess your application. We will make sure this is front and centre in how your case is presented alongside your credit history.
We review your credit file in detail before any application is submitted. This protects your credit score from unnecessary searches, identifies which lenders are realistic options for your specific situation, and allows us to prepare your case in a way that addresses your credit history honestly while presenting your full strengths as a borrower.
"I had a default from a few years back and assumed getting a mortgage was off the table. Elaine was completely upfront about the options available to me and helped me understand exactly where I stood. We got there in the end and I could not be more grateful."
A free, honest conversation with Elaine. No pressure, no obligation.
If you are looking for a hassel free process with your mortgage, I would highly recommend you use Penguin Mortgages. Elaine made things simple by dealing with the application and getting me the best deal for my need. 5-star.
26 May 2025
Excellent and seamless experience with Elaine. She is very professional and supportive, tons of communication and support is present from her end. She has explained me every bit of the process and managed everything for me. I highly recommend her to anyone who is looking to get a mortgage.
23 January 2025
Elaine made my mortgage experience a truly seamless one. Her expertise and guidance made the entire process incredibly smooth. She was always available to answer questions (even via WhatsApp). I felt supported and informed every step of the way. I highly recommend Penguin Mortgages.
11 January 2025
Elaine was incredibly helpful and patient throughout our journey as first-time homebuyers. She made the mortgage process seamless by addressing our numerous questions with professionalism and clarity. Her consistent updates and prompt responses kept us informed every step of the way. We couldn’t have asked for a better experience. Highly recommend Elaine for her outstanding service!
24 December 2024
I could not recommend Elaine at Penguin mortgages enough. Elaine has been fantastic throughout and worked thoroughly through all options available to me.
5 December 2024
