Bad Credit Mortgages

Who Will Give Me a Mortgage with Bad Credit?

A lot depends on your actual circumstances. A few high street lenders may be fine with smaller, historical issues, but if your issue is more severe, then we would look into the options available with adverse lending specialists. The good news is: if we’re on your side then you stand a greater chance of a positive result.

Bad credit mortgages, also known as sub-prime and adverse credit mortgages, operate in the same way as conventional homeowner mortgages. The difference is that they are typically more readily available to people who fail the credit checks carried out by mainstream lenders.

Initially, interest rates and charges will tend to be higher on bad credit mortgages due to the additional risk the lender takes on. However, over time the mortgage itself, if regular payments are maintained, will help to effectively ‘repair’ an individual’s credit rating so they can then be considered for a standard mortgage at a lower rate.

We’ve Got You Covered

Whatever the state of your credit history, or whether you are first time buyers or looking to move or remortgage, we will search the whole of the market to ensure you get the very best mortgage for your circumstances. Our team of friendly, professional advisers will always be on hand with impartial, expert advice to guide you through the whole process.

Avoid the Usual Mortgage Routes

If you have a poor credit history, it’s a good tip to research your credit files on the three main sites – Experian, Equifax and Callcredit – to see what is actually stored, so you know where you stand. Next, if you know you are going to have trouble with normal lenders who do not cater for people with bad credit scores, then do not apply for a mortgage with them. They are likely to decline you without discussion, which may end up impeding your credit score further.

Opening the Right Doors

Going to a professional broker for help is the surest way of overcoming a bad credit score problem when trying to get a mortgage. Our team has a long history of helping people, whatever their problems, and the mortgage you need may only a few steps away.

Bad credit mortgages are typically offered by specialist lenders that only operate in this market. The mortgage products they offer work in the same way as a conventional mortgage, with repayments made every month, but you should expect to pay higher interest rates and in most cases you will need a larger deposit.