Your chances of getting a mortgage with defaults depend on factors like how severe they are and how recent. If you have defaults, traditional lenders might see you as a higher risk. However, some lenders specialise in lending to people with bad credit, including those with defaults.
If you have a history of defaults, especially if they are recent or numerous, traditional lenders may consider you a higher-risk borrower.
However, there are specialist lenders who cater to individuals with bad credit, which includes defaults. These lenders are more willing to consider your application, albeit with potentially higher interest rates and stricter terms.
To improve your chances, pay off any debts, work on improving your credit score, save for a larger deposit, and seek advice from a bad credit mortgage specialist.
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