How to get a bad credit mortgage after taking a payday loan?

Do you have CCJ’s? Defaults? Arrears? We help you secure a mortgage today!

Bad Credit Mortgage after taking out a payday loan

Obtaining a mortgage after taking out a payday loan can be difficult, sometimes feeling impossible with most high street lenders unwilling to consider an application after if you have been in a debt management plan within the last 6 years.  At Plus Financial solutions we have lenders that will consider applications even if you still have a payday loan outstanding.

How long after taking out a payday loan can you apply for a mortgage?

We currently have lenders who will consider an application 12 months after you have taken out a payday loan, assuming you have made at least the last 12 months payments on time and not suffered any additional credit issues. Typically you would need at least a 15% deposit to be considered.

Contact us today to see how we can help you secure a mortgage after taking out a payday loan!

Find out how much you can borrow today!

Complete our 30 second form now

You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

CCJ’s

We have lenders who will accept County Court Judgements, even within the last 12 months! Contact us today!

Defaults

Having a default doesn’t mean you cant get a mortgage. We help our clients get mortgages even when they have had a default within the last 3 months!

Arrears

Missing a mortgage payment can make it hard to get a mortgage. If you have missed a couple of payments in the last 12 months we can help!