Mortgage Approved With Historic Defaults Using Income From Two Jobs
A case study showing how a single applicant secured a mortgage with historic defaults, using income from two permanently employed roles.
- Publication date
- Case ID:
- 275625040
Question:
"Can I get a mortgage if I've had old defaults and need both of my jobs to be taken into account?"
Customer situation
Single applicant
Previous homeowner
Employed in two permanent roles
Two salaried jobs, both required for affordability
20% deposit gifted by parents
Residential purchase
Two historic satisfied defaults: £292 on a credit card and £2,433 on an unsecured loan. Historic utility arrears were also present but fully resolved
Why This Wasn't Straightforward
The application required a lender willing to consider income from two employed roles alongside historic credit issues. Many lenders restrict the use of second-job income where defaults appear on a credit file, particularly when automated credit scoring is used. As a result, lender choice was limited despite the defaults being historic and satisfied.
The Outcome
Mortgage approved.
A specialist lender assessed the application holistically, accepted both permanent incomes, and focused on overall affordability and recent financial stability.
Key points
- Loan-to-value
- 80%
- Mortgage term
- 40 years
- Lender type
- A specialist lender assessed the application using manual underwriting and a contextual review of the applicant's credit history
- Mortgage Adviser
- Jack Karmy
Who This May
Be Relevant For
Applicants seeking a mortgage with historic defaults or missed payments
Borrowers whose adverse credit has limited lenders willing to use multiple incomes
Applicants needing both employed incomes considered due to past credit issues
Buyers declined because lenders would not accept second-job income alongside adverse credit
Plain-English Summary
Historic credit problems and multiple jobs don't automatically rule out a mortgage. Some lenders will consider the full picture when income is stable and issues are in the past.