Bad Credit Mortgages

Possibly. Every lender has different lending criteria, so having a poor credit history doesn’t automatically mean you’ll be turned down.

Some lenders specialise in helping people with more complex financial circumstances, while others may consider certain credit issues depending on how recent they are, how much was owed and whether the debt has since been settled.

We’ll look at the bigger picture rather than simply focusing on your credit score.

Depending on your circumstances and the lender’s criteria, you may still be able to obtain a mortgage if you have experienced:

There isn’t one set answer.

Some lenders may consider applicants with a CCJ depending on when it was registered, whether it has been satisfied and the amount involved.

Other lenders may have stricter requirements.

That’s why speaking to a mortgage adviser before making an application can be worthwhile. We can assess your circumstances and help identify lenders whose criteria are more likely to fit.

Potentially, yes.

Being discharged from bankruptcy or completing an IVA doesn’t necessarily mean you’ll never be able to get a mortgage.

However, lenders will look carefully at your circumstances, including how long ago the financial difficulty occurred, whether everything has been resolved and your current financial position.

We can help you understand what may be possible and what steps could improve your chances of being accepted.

If you have adverse credit, you may have fewer mortgage options available and some lenders may charge a higher interest rate than those available to borrowers with a stronger credit history.

However, this isn’t necessarily the case for everyone.

The mortgage available to you will depend on factors such as your credit history, income, deposit, property and the lender’s individual criteria.

Our advisers can help you understand the options available to you and the potential costs involved.

Not necessarily.

Your credit score is only one part of the picture. Mortgage lenders use their own lending criteria when assessing applications, so a score that looks low to you doesn’t automatically mean you’ll be declined.

We’ll look at your overall circumstances, including your income, deposit, existing commitments, credit history and the property you’re looking to buy.