Getting a Mortgage After Repossession
Yes, a mortgage after repossession is possible. Most specialist lenders want to see one to three years since the repossession, alongside a 20-25%+ deposit and a clean credit record since — options widen the more time has passed.
Get Your Free Repossession Mortgage AssessmentA property repossession is one of the most serious marks a credit file can carry, and it’s understandable to assume homeownership is off the table afterward. It isn’t. Specialist lenders evaluate applications from borrowers with a repossession history once certain conditions are met — time passed, a clean record since, and a deposit that reflects the level of risk involved.
Repossessions typically stay on a credit file for six years from registration. Options remain more limited during that window and for a while after, often requiring a specialist rather than a high-street lender — but as time passes and financial management improves, real opportunities open up.
We handle these conversations sensitively and without judgement, and know exactly which lenders will look at your case at the stage you’re at now.
What Lenders Look At
Time since occurrence
Earlier repossessions receive more favourable consideration and better rate offers — the further away from the event, the wider your options.
Underlying cause
Lenders look at the circumstances — job loss, medical issues, relationship breakdown — and whether those conditions have genuinely resolved.
Deposit amount
A larger deposit, often 20-25% or more, significantly improves your chances and widens the pool of lenders willing to consider you.
Post-repossession record
A clean credit history since the repossession, with no further missed payments, strongly supports your application.
Getting a Mortgage After Repossession FAQs
How long after a repossession can I get a mortgage?
Most specialist lenders want to see at least one to three years since the repossession, with options generally improving the further away from it you get.
What deposit will I need?
Most lenders in this space ask for a deposit of at least 20-25%.
Will my interest rate be higher?
Likely, at least initially. Specialist lenders price for risk, so rates are typically higher than mainstream deals.
Is Buy-to-Let treated differently to residential repossession?
It can be — some lenders treat Buy-to-Let repossessions differently to residential ones, so it's worth discussing your specific case.
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