Bad Credit Mortgages

If you have saved a good deposit and receive a decent salary then you would expect to be able to access an affordable mortgage; but sometimes that’s just not enough.

A poor credit rating can act as a major barrier to securing a mortgage. It doesn’t really seem fair that a couple of late payments on your credit card bills, or even just applying for a number of credit cards in the first place, can actually reduce the likelihood of getting a mortgage.

Banks and building societies are cautious about who they lend to. In the years following the economic crash, they were far more cautious than they had been before. Thankfully, the economy is starting to recover, and gradually Mortgage lending is on increase.


As part of their lending decision, banks and building societies will always check credit reports on potential borrowers to see whether they have defaulted on any payments in the past. They will also look at other elements of their credit report to see whether any County Court Judgements (CCJs) have been filed against you, or if you have ever been made bankrupt.

If any of these scenarios apply to you then you may not qualify for a mortgage with the high street banks and building societies – even if the events occurred a long time ago. However, there are lenders who will be willing to help those whose applications have been refused elsewhere.

Mortgages for adverse credit

There are some mortgages that have been designed specifically for people with adverse credit. These ‘bad credit mortgages’ tailor to those whose credit rating is less than perfect, but who have saved a good deposit and have a decent salary.

These poor credit mortgages (also known as sub-prime mortgages) are typically offered by specialist lenders that operate only in this market. The mortgage products they offer work in the same way as a conventional mortgage, so you will have to make repayments every month, but as the risks for the lender are higher, you should expect to pay higher interest rates or put down a more sizeable deposit.

How can we help?

When applying for adverse credit mortgages, it is vital you shop around to find the right deal. Here at Mortgage, we work with advisors who specialise in securing affordable bad credit mortgages and know how to find the best deal for you.

For the expert help you need, simply complete our enquiry form and we will put you in touch with a mortgage advisor with a proven track record of securing affordable mortgages for adverse credit. They will contact you to provide a free, no-obligation initial consultation and talk you through your options.

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