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Poor Credit Mortgages

Can you get a mortgage with bad credit?

Even if you have missed a few credit card payments, had a County Court Judgment awarded against you or have previously been made bankrupt, there are mortgages available for people with a bad credit rating.

What is a bad credit mortgage?

These types of mortgages can help people with a poor credit rating get a mortgage. These are known as sub-prime or adverse credit mortgages. Interest rates on bad credit mortgages tend to be higher than standard mortgages as people with poor credit ratings are deemed to be a higher risk. Although these types of mortgages may be hard to find, they are available if you know where to look.

How do bad credit mortgages work?

Apart from the fact that interest rates and charges tend to be higher, bad credit mortgages are set up and work the same as standard mortgages. Bad credit mortgages can be available on fixed, variable, and discounted rates.

Since the credit crunch, banks and building societies may have become very cautious about lending money. Before approving an application they will carefully check your credit report to identify any previously defaulted payments. They also look for County Court Judgments and records of any previous bankruptcies.

Prior to applying for a mortgage, you should always check your credit report carefully to establish if there would be any reasons why your application could be refused. A copy of your report can be obtained from any of the major credit rating agencies (Experian, Equifax or Call Credit).

How we can help

Our advisers research a comprehensive range of mortgages from across the market to find the most suitable mortgage for our clients. We offer advice on a range of mortgages which include: Remortgages, First Time Buyers, Home movers, Poor Credit and Buy-To-Let mortgages.

Whether you’re uncertain about the choices available to you or you are just looking for a better rate, why not challenge us to find the best deal available to meet your personal circumstances.

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Disclaimer – You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with The Data Protection Act 1998. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

By submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Our Fees

The Mortgage Advice Service only recommend appropriate mortgages after we conduct a full review of your personal circumstances Our review service is completely free and there is no commitment for you to action any recommendations that we make.

However if you choose to effect a mortgage through The Mortgage Advice Service, depending on the complexity of your individual circumstances, fees may apply. Should a fee apply, we will explain what you will be charged prior to proceeding with your application. We will charge a fee of between £0 and £495. If a fee is being charged, it is paid on the completion of your mortgage.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The Mortgage Advice Service can help point you in the right direction, providing you with friendly, professional and confidential advice when you need it most.

Mortgage Advice Service Customer Service

If you’re serious about looking for a great mortgage deal and mortgage advice that you can trust:

  • Ring us on 0800 011 2322 (free from landlines) or on 0141 956 4088 to discuss your situation with one of our fully trained advisors.

  • Download our free guide to mortgages above.

  • Forward your details to us by completing our contact form and we will call you back.

  • Complete our online quote request.

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