Which missed payments will affect your mortgage application?

All missed payments can affect your mortgage application and the more recent the missed payment as well as the type of commitment the missed a payment happened on and the number of missed payments you have recorded against you in the past 24 months will have different affects.

If you are looking to apply for a mortgage soon, we highly recommended that all your current financial commitments are up to date as this will demonstrate to potential lenders that you have your current financial obligations under control.

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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