Finding a mortgage with a poor credit history is difficult and has to be approached very carefully because of the shortage of lenders available in this market. Having the advice of a qualified Poor Credit Mortgage Broker will greatly enhance your chances. With only a few sub prime lenders to choose from, getting it right first time is very important.

Steven Neale – Specialist Bad Credit Mortgage Broker

Our experience as first time buyers was simply exceptional! We have been guided through the mortgage process and buying our first home has been an easy journey thanks to your professionalism and efficiency.

13th Jan 2022

After thinking I was going to lose the new home I had fallen in love with, Steven worked hard with me and understood my circumstances. I was at the point of nearly giving up and within 4 weeks I had a full mortgage offer. Thank you for making my dreams come true. I would highly recommend your services. Absolutely no bull or jargon.

T Jones
10th Jan 2022

The service we have received has been amazing. We were kept up to date every step of the way. Honestly, the relief on my face when I received your email with the mortgage offer was priceless. I can not thank you both enough you are both amazing at what you do. We can not thank you enough for everything, Thank you so much, you have made our dreams a reality.

4th Nov 2021

Thank you foremost for choosing to specialise in adverse credit services for people. All we read online is that it is not possible or easy to get any form of credit when you have or settle an IVA and I’m so glad I kept looking and found you. You have helped us more than you’ll ever realise. We are so happy to have a chance to start again and be able to remain on the property ladder, all thanks to you.

1st Nov 2021

I would highly recommend Steve and Sue. Getting a mortgage seemed to be difficult for me at first when speaking to another advisor, I very nearly gave up due to the lack of effort and communication. Once we got in touch with Steve everything fell into place. Both Steve and Sue were very professional and informative throughout the process.

27th Jan 2022

Steven & Sue have been absolutely amazing through the whole process – extremely calm, organised and helpful. We will definitely be using them in the future and would highly recommend them to family & friends.

20th Sept 2021

Steve and Sue have been absolutely amazing. I was really worried about my financial history meaning I wouldn’t be able to get a mortgage but they were nothing but supportive and non-judgemental, always available to explain things and answer questions as well as extremely efficient.

18th Jan 2022

The professionalism of Steve and Sue is second to none. We were advised of our options and guided through the application process every step of the way. The big thing for us was the personal touch and relationship we built. My wife and I both agreed it felt like Steve and Sue are so motivated because they actually want to help. Probably the best professional service I have ever used so if you find yourself in need of a specialist mortgage broker look no further. Great service great people.

28th March 2022

Struggling to ‘get back’ on the housing ladder after 15 years and being ‘self-employed’ was proving near enough impossible, until we found Steve & Sue. They found us a lender that would use my ‘day-rate’ rather than the usual ‘self-assessment’ and even though there was stumbling blocks along the way, they get us over the line with a ‘mortgage offer’! We can’t thank them enough and would definitely have no hesitation in using them again!

28th July 2021

A fantastic service provided by SN Mortgages once again. Highly recommend SN Mortgages, they have been brilliant at finding the best rates for us, keeping in regular communication and quite frankly achieving the impossible! Where other brokers fail to come back to us or could not find a deal, SN would always go the extra mile and revert back. Thank you so much!

22nd July 2021

We are so grateful to Sue and Steve for all their effort in helping us get our mortgage. Their knowledge and clear love of their job shines through and they have been on hand to answer all our questions no matter how silly or small. They have clearly explained everything from start to finish which has made us feel so much more at ease throughout the whole process. We can’t recommend them enough!

1st July 2021

Mortgage after repossession

Can I get a Mortgage after a Repossession?

Getting a mortgage after having your home repossessed is one of the single most difficult applications to get approval on. Naturally, if you haven’t been able to keep up with mortgage payments in the past, to the point where your home has been repossessed, this would be a big red flag to new lenders. Thankfully, it’s not impossible, and I work with a small selection of lenders who are willing to provide mortgages to those who have had their homes repossessed. 

How much can I borrow on a mortgage after repossession?

Borrowing up to 75% is available (possibly more if it was over 3 years ago) provided you have not been repossessed within the last 12 months and have no other adverse (again within the last 12 months) and;

  • Either the debt has to be forgiven or repaid to the previous lender and you have confirmation in writing that you do not owe them money and the mortgage is cleared, or…
  • You are making payments to clear any outstanding debt if the property was sold for less than the mortgage and you have kept these payments up to date.

The details of your repossession matter when applying for a new mortgage 

The reason behind why the lender repossessed your home is important as well as when it happened. The longer the time period the better and if the reason was because you were ill or made redundant, and you had been paying off any shortfall for the past 2,3 or 4 years for example, gives the lenders comfort you are a responsible borrower with a moral compass !

If on the other hand you have been reckless with managing your finances running up credit cards and loans and then decided it was all too much so decided to simply hand back the keys to your property and walk away from the situation, lenders quite rightly are not going to consider giving you a mortgage so you can do the same again.

If you need help or advice on any aspect of repossessions before the situation gets out of hand, go to the website of Shelter who offer free help and support and a land line that is manned 365 days of the year.

Do I need a broker for a mortgage after repossession?

Getting a mortgage after a repossession is one of the most difficult situations for any mortgage broker. Going it alone means applying without knowing the full lending criteria of individual lenders, which can lead to rejections which will harm your chances of future applications.

Using a specialist adverse mortgage broker to apply for a mortgage after a repossession gives you the advantage of knowing the lending criteria upfront, and whether you are likely to be accepted or not based on your own individual circumstances, and helps to avoid the rejection cycle. A broker can also help you to find the best deal, by comparing lenders who might be willing to help, as well as their rates and fees.

For more information on how I can help you with a mortgage after repossession, please call me on: 01494 526400 or complete my online enquiry form.


Years of Experience

I specialise in Bad Credit Mortgages for people who have a poor credit history because of any number of reasons.

Choice of Lenders

I am a Whole of Market, Mortgage Broker meaning I can talk to every lender to see about finding you the right mortgage.

Saving You Money

As a specialist Mortgage Broker for over 30 years I have a great deal of experience that will help save you time & money.