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Bad credit mortgage calculator

Turned down for a mortgage due to bad credit? It’s tough, especially when you’ve planned for your next home. Our bad credit mortgage calculator can help you see what might be possible.

We know that your credit history, isn’t your whole story. 

Do you qualify? Only takes a few minutes, NO CREDIT CHECKS!

How much could you borrow?

It only takes a few minutes to see how much you might be able to borrow, even with past credit challenges. No CREDIT CHECKS! 

Fix your credit. Find your mortgage.

Don’t let bad credit hold you back. Have you used our bad credit mortgage calculator but need more information before you speak to us? Explore smart mortgage options, improve your chances, and take the first step toward homeownership today.

Bad credit mortgage guides

Discover your mortgage options even with bad credit and how we can support you.

Credit scores for mortgages

Learn what credit scores lenders consider and how yours affects mortgage approval chances.

What stops you getting a mortgage?

Understand common reasons mortgages get refused and how to avoid these pitfalls.

Mortgage repayment calculator

Calculate your potential mortgage repayments to plan your budget confidently.

Frequently asked questions

There are a variety of events that could leave black marks on your credit history. This can then ring alarm bells with lenders when they come to run credit checks and assess your profile.

This can range from something you might consider relatively minor, such as a few late or missed payments. Although, there are far more serious issues such as a County Court Judgment (CCJ) following a default notice, or an Individual Voluntary Arrangement (IVA) or even a bankruptcy, a bad credit mortgage calculator can provide an initial indication of your options.

The majority of high street or mainstream lenders use a computer-based scoring system to assess your mortgage application, often relying on scores from the three main UK credit reference agencies – EquifaxExperian, or TransUnion. Lower scores indicate to them that you are a higher risk to lend to, and this makes it more difficult to get accepted for a mortgage. Understanding these scores and their impact is crucial, and a bad credit mortgage calculator can help you visualise potential outcomes.

While a bad credit event on your file can lead to red flags raised by lenders, a few lenders may forgive one or two minor events, especially if they were a few years ago and you have kept a clean record since.

However, most high street lenders have very strict criteria and will refuse you outright. If you are lucky enough to be accepted, lenders will stipulate a much higher interest rate than is usual. They may also require you to provide a larger deposit to give them more security on the loan. To get a clearer picture of what you might qualify for, even with a challenging credit history, try our bad credit mortgage calculator above.

It can be very helpful to understand what activities agencies and lenders look at to compile your credit score or rating. There are five basic elements that play a key role:

Payment history
This is the raw data on your payments, for things such as credit card instalments, personal loans, and previous mortgages.

Current level of debt
This is collated from your credit card and personal loan data. It will reveal whether your cards are maxed out, any personal loans outstanding, and your overall financial exposure.

Length of credit history
The longer that you have been borrowing and making use of various credit facilities, the better. Especially if it shows a responsible approach to debt and repayments. Conversely, a little to no credit history may cause a problem. This is because lenders will not have enough data to indicate whether you are a high risk or not.

Types of credit previously used
This is simply an overview on the types of credit you have made use of previously. The only factor that may cause an issue will be the presence of any ‘payday loans’ on your records, as lenders generally see these as a desperate last resort source of finance and an indicator of poor money management.

Number of credit searches
Searches made by businesses extending lines of credit to you will affect your credit score. A high number could indicate that you have taken on more borrowing than you can manage.

If you’re looking to obtain a mortgage but you have worries about your credit, using a bad credit mortgage calculator can be a helpful first step to understand your potential options. After that, get in touch with our team of experts; they’re on hand ready to help you find the most favourable deal.

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Jonathan Burls

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We were very happy with the service that was provided.

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United Kingdom, 4 hours ago

Iain Fish

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Thomas Hobin has been very helpful over the years - I first contacted him about 3 years ago but due to circumstances have only recently secured a mortgage. Very helpful at every stage. Many thanks

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United Kingdom, 1 day ago

Anonymous

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Graham Storey our mortgage advisor help us to achieve to get our new house. They’re helping us to find a low interest rate of our mortgage and help us find our house insurance fit for our budget. Easy to book for appointment to see them face to face and staff are friendly .

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United Kingdom, 4 days ago

Reece Cannell

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Very Good service and very easy to deal with. would recomend them!

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United Kingdom, 5 days ago

Shaun Stanton

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Highly recomend using Will, I have spoken with him over the last year and a half for advice whilst buying my first property. Friendly, approachable and very helpful for pointing me in the right direction. Although I was declined through several lenders Will persevered and found a lender that approved me. Finally moved in a month ago and feel this would not have been achievable without him.

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United Kingdom, 5 days ago

Charlotte Foster

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We have used the mortgage centre for our last 4 remortgages and Tom has been great. Tom’s very knowledgeable, makes helpful recommendations and works really efficiently. Would definitely recommend

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United Kingdom, 5 days ago

Hollie Farrow

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William Holden at Ipswich mortgage centre was amazing, very knowledgeable and helpful plus efficient with any queries we had. Made our mortgage completion feel easy and stress free.

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United Kingdom, 6 days ago

Lucy

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Mark Gardiner was my mortgage advisor and honestly he was amazing throughout the whole process. Before Mark contacted me I was at a complete loss as to whether I would ever own my own home due to other mortgage affordability calculators with other organisations. Mark spoke everything through with me at every step of the way, and answered every single one of my questions (there were a few, as I knew absolutely nothing about the process of buying a house!). Mark always made himself available to speak to me, I feel like he went above and beyond for me and my situation, which I really did appreciate. I do not have the right words to describe my gratitude to Mark, if it wasn’t for him I don’t think I would be sitting in my very own house right now. I had such a fantastic experience because of Mark, i would recommend him and your organisation to anyone looking to purchase a house, especially if you are a first time buyer. I just wanted to express my gratitude, and to ensure that Mark gets the acknowledgement for all of the time and effort that he put into my case.

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United Kingdom, 1 month ago

Marcin Ziolkowski

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Graham from Ipswich Mortgage Centre was an incredible help, exceed my expectations during remortgage time, very patient with my changing requests! Highly recommend to anyone! Will definetely use again in future.

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United Kingdom, 1 month ago

Jodie Thomas

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Tom was a great help and found the right products for me. He took time to ensure that I had got the information right & checked in me regularly throughout the journey. Highly recommend

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United Kingdom, 1 month ago