Timing is everything — and some lenders are more forgiving than others.
If you’ve had a credit blip — whether it’s a missed payment or a full-blown bankruptcy — your next question is probably: “When will I be able to get a mortgage again?”
The answer depends on the type of issue, how recent it was, and how you’ve managed your finances since.
🧾 Typical Waiting Periods by Credit Issue
| Credit Issue | Minimum Wait Time (Typical) |
|---|---|
| Missed payment | 6–12 months |
| Default | 12–24 months |
| CCJ | 12–36 months |
| DMP (ongoing) | Possible now with right lender |
| DMP (settled) | 12+ months |
| Bankruptcy | 12–36+ months after discharge |
| IVA | 12–24+ months after completion |
| Payday loans | 12–24 months since last usage |
💡 Some lenders will accept applications sooner — but your options improve significantly over time.
🏠 What Lenders Want to See in the Meantime
✅ No new missed payments
✅ Stable employment or income
✅ Reasonable deposit saved (15–30%)
✅ Credit behaviour trending upwards
✅ A clean bank account (no gambling, no unauthorised overdrafts)
📈 Can I Do Anything to Speed Things Up?
Yes — here’s how to prepare:
- Check your credit reports (Experian, Equifax, TransUnion)
- Register on the electoral roll
- Keep credit card usage under 30%
- Don’t apply for unnecessary credit
- Speak to a broker early for lender-matching
💬 The Sooner You Start Planning, the Sooner You’ll Be Ready
Even if you’re not quite mortgage-ready today, I can help you build a plan, track your progress, and apply with confidence when the time’s right.
✅ Roadmap to mortgage readiness
✅ Access to lenders with flexible timeframes
✅ Advice that’s honest, not pushy