Can I get a new mortgage if I have had late mortgage payments?

Mortgages are still available for people with late or missed payments, but it will depend on when the payment was missed. No lenders will accept a missed mortgage payment in the 3 months prior to applying for an agreement in principle. It’s important to understand that lenders will view payments made at any time after the due date as a missed payment (yes, that means even one day!)

In addition, the number of missed payments within a 12 or 24-month period is taken into consideration. There’s a tolerance to how many missed payments will be accepted by a lender within a 12 or 24-month period but as you would expect in these instances, the deposit required, and interest rate is likely to be higher to reflect the situation.

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