How long will missed payments affect me getting a mortgage?

This will depend on how many missed you have had, how many months in arrears the account fell into, and what type of credit commitment the account was for.

High street lenders will likely want all credit accounts to be up to date for at least 12 months before they will consider lending to you. However, this doesn’t mean that there won’t be lenders available for you as lots of specialist lenders will consider lending to people with even current missed payments. Some lenders even completely ignore missed payments for utility bills and communication accounts.

The best way to not miss payments is to ensure that you have direct debits set up for all your commitments, and the best date to set them up for is the day after pay day, this will ensure that you have sufficient funds available, so no missed payments occur.

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