It may be possible, but it depends on the type, severity, and recency of the adverse credit, as well as the overall strength of the case. A strong asset position or large deposit can help, but it doesn’t automatically override credit policy. Some lenders have strict rules that exclude certain credit events within specific timeframes, regardless of deposit size.
Underwriters typically look at what happened (missed payments, defaults, CCJs, arrangements), when it happened, whether it has been resolved, and how your credit conduct has been since. A single historic issue that’s settled and followed by stable conduct is generally viewed differently from repeated or recent problems. They also look at affordability today, LTV, and overall commitments.
High net worth cases can sometimes be placed with lenders willing to take a more pragmatic view, particularly at lower LTV. However, the wrong approach is to “try your luck” with multiple applications, which can create unnecessary credit footprint and reduce options.
A targeted strategy is usually best: understand what is recorded on your credit file, build a clear narrative where relevant, and select lenders whose policies match your exact profile. That approach tends to reduce wasted time and improve the chance of a clean mortgage offer.
Hearthstone Mortgages is a trading name of Hearthstone Advisory Limited (Company Number 10563329) and is authorised and regulated by the Financial Conduct Authority (FCA Reference Number 945282).
Registered office: Europa House, Marsham Way, Gerrards Cross, Buckinghamshire, SL9 8BQ.
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