Obtaining a mortgage after being after having a property repossessed can be difficult, sometimes feeling impossible with most high street lenders unwilling to consider an application after having a property repossessed within the last 6 years. At Plus Financial solutions we have lenders that will consider applications even if you have had a property repossessed in the past.
How long after having a property repossessed can you apply for a mortgage?
We currently have lenders who will consider an application 12 months after you had a property repossessed assuming all related debts have been cleared. Typically you would need at least a 25% deposit to be considered. After 3 years we have lenders that will potentially lender up to 85% of the property value assuming no other bad credit in the last 3 years.
Contact us today to see how we can help you secure a mortgage after having a property repossessed!