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Facing Bad Credit? Here’s How to Navigate the Mortgage Maze

Bad Credit and Missed Mortgage Payments

So, you’ve got bad credit, and the dream of owning a home seems like a distant dream. Maybe you’ve even missed a mortgage payment or two. It’s a tough spot to be in, but you’re not alone. In fact, in the second quarter of 2023, 81,900 homeowner mortgages were in arrears. That’s a 7% increase from the previous quarter!

But don’t lose hope. There’s a way out of this maze, and it starts with understanding the problem and finding the right guide to help you through it.

IMB’s Personalized Approach

Enter Independent Mortgage Brokers (IMB), your local mortgage heroes based in Leeds and Halifax. We specialise in adverse credit mortgages, and we’ve got a toolbox full of solutions for people just like you.

Missed a Payment? Act Fast!

If you’ve missed a payment, don’t wait for the lender’s letter. Act fast, and let’s figure out a plan. Here’s what we can do together:

Figure Out What You Can Pay: We’ll sit down, look at your budget, and figure out a plan that works for you.

Find Ways to Pay Your Arrears: We’ll explore options like adding a bit to future payments or even capitalizing your arrears.

Maybe Even Reduce Your Monthly Payments: Struggling every month? We can help you negotiate better terms with your lender.

Support for Mortgage Interest (SMI)

And hey, you might even qualify for Support for Mortgage Interest (SMI). We’ll point you in the right direction to see if it’s an option for you.

From Challenges to Solutions with IMB

Navigating the mortgage world with bad credit can feel like wandering through a maze without a map. But with IMB by your side, we’ll turn that maze into a straight path to your new front door.

We’re not just another Leeds mortgage broker. We’re your partner, your guide, and your biggest cheerleader. We understand that every situation is unique, and we’re here to help you find the solutions that fit your life.

Your New Home Awaits with IMB

Bad credit? Missed payments? These hurdles don’t have to stop you from unlocking the door to your new home. With IMB’s personalized approach and commitment to your success, we’ll help you find the key.

Ready to take the next step? Give us a shout at 0333 210 0082 or swing by our website Let’s make that dream of homeownership a reality.



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Based on our research, the content contained in this article is accurate as of most recent time of writing. Lender criteria and policies change regularly so speak to one of our Independent Mortgage Brokers to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisers working for or with Independent Mortgage Brokers are fully qualified to provide mortgage advice and authorised and regulated by the Financial Conduct Authority. All our independent Mortgage Brokers will offer advice specific to you and your needs and circumstances. Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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