Are mortgages possible for people with defaults?

Most people belittle the severity of a default however they are viewed by lenders in a similar way to CCJ’s as you are far more likely to pick up a default before a CCJ.

Lenders will generally accept defaults recorded against you, however, there can be a tolerance as to how many defaults you have recorded against you in the past 24 months. If there is a tolerance a higher deposit will be required, and the interest rate will reflect the risk to the lender.

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