Are mortgages possible whilst currently in arrears on credit commitments?

The short answer is yes however, most lenders will insist on the arrears for the commitments shown on your credit report to be up to date. Most people underestimate the importance of being up to date with their credit commitments when starting the mortgage process.

 The main reason for this is that the message you’re sending to the lender is that you’re currently struggling to maintain your financial commitments so there’s a bigger risk to them to lend you money.

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