Mortgages after a Repossession

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Can I get a mortgage after a repossession?

Yes, you can get a mortgage after you’ve been repossessed. But it’ll be more difficult this time around. Repossession is stressful and emotional time. Unfortunately, most high street banks won’t consider you at all after a repossession. They’ll see it in your credit history and it’s an instant no. That’s why it’s important to work with a specialist broker and lender who’ll take the time to understand you and your circumstances.

If you’ve been repossessed in the past, you’ll need to find a specialist lenders who’ll be happy to consider you and look at your unique situation.

They’ll look at:

  • The date of repossession

  • The reason for repossession

  • If you have any other credit issues

  • What your credit history has been like since your repossession

  • Your affordability

When they look at these factors, a lender will be working out if you’ve financially recovered from the repossession before they offer you a mortgage. If you’ve shown you’re stable by paying other creditors on time, they’ll be a lot more willing to offer you a mortgage at a competitive rate.


Can I get a mortgage after repossession?

Yes, you can get a mortgage after a repossession. Getting a mortgage after a house repossession can be challenging, but it isn’t impossible.

19th May 2022

Got questions?

How does a repossession affect your chance of a mortgage approval?

How much can I borrow after a repossession?

What mortgage rate will I get if I’ve been repossessed?

Do I need a larger deposit if I have a repossession on my credit file?

Will all lenders consider a borrower with a previously repossessed property?

How soon after a repossession can I apply for a mortgage?

What happens to your credit rating if your house is repossessed?

Do I have to declare a repossession even if it has dropped off my credit file?

Should I improve my credit score before applying for a mortgage?

How can I improve my credit score before getting a mortgage?

Why use Haysto?

We get how it feels when you’re refused a mortgage. We’ve been there. Haysto exists because the mortgage world is broken. If you don’t have a shiny credit rating, you’re self-employed with a complex income, or just don’t fit the mould, the odds are completely stacked against you. We just don’t think that’s fair.

Read our story

We help when others won’t

Unlike others, we only work on bad credit, self-employed and complex mortgages. That’s all we do. And we’re up for a challenge.


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Applying for a mortgage or understanding your options shouldn't be confusing, yet there are just so many myths doing the rounds and it's not easy to know where to turn to get the right advice.

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