This describes the amount the borrower is behind in their mortgage repayments schedule.

The amount is usually measured in months. If the arrears have occurred in the last 12 months this will decrease your chances of being successful in applying for a 'High Street' mortgage or loan.

The lenders we use are specialists in this market and therefore consider applications on an individual basis. We have helped many people with minor or even severe credit difficulties including pending repossessions, and enabled them a 'Fresh Start' with their finances.

When the arrears have occurred in the last 12 months, It is true, however, that the mortgage rate will generally be higher than it would be otherwise.