
Bad Credit Mortgages
A less-than perfect credit rating shouldn’t be a barrier to a mortgage. We specialise in helping you overcome financial hurdles and get a home of your own.
Helpful Quick Guides
How much does a bad credit mortgage cost?
As with conventional mortgages, there are a number of different deals available, like fixed, variable and discounted rates. The best way to approach a bad credit mortgage is to save as much of a deposit as you can, as this will help to reduce the rate, while increasing the likelihood of being approved. Typically, you’ll need a deposit of at least 15 percent to find a bad credit mortgage, although a deposit closer to the 30 percent mark will give you much more choice.
What type of events can cause ‘bad credit’?
Your credit rating can be detrimentally affected by something as small as a late payment on a mobile phone bill. These are some of the events that could make it difficult to access a mortgage:
- Late payments
- Missed mortgage payments
- Defaults
- County Court Judgements (CCJs)
- Individual Voluntary Arrangements (IVAs)
- Repossessions
- Bankruptcy
- Having no credit history
- and more…
How can I improve my credit rating?
The best way to improve your credit rating is to be an active and responsible borrower. Some applicants can be refused for a mortgage simply because there is no credit information available on which to base a decision.
To improve your credit rating, you should:
- Make sure you’re on the electoral roll.
- Close down credit card accounts you no longer need.
- Pay your bills on time and in full.
- Apply for a credit card so you can create a track record of responsible borrowing.
- Check your credit report and ask for any errors to be corrected.
The process of improving a credit score, particularly if it has been severely damaged, can take time, and there is no guarantee it will improve enough for you to be accepted for a conventional mortgage.

Looking for more information on a particular mortgage-related subject? Our expert advisers have written a series of guides to answer your questions.

Feel free to call us at any time to speak to a friendly, professional adviser. Or alternatively, visit a nearby branch to talk to an expert.

These calculators are great for getting a quick guide, but if you want a completely accurate assessment then you should talk to one of our professional advisers.