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Bad Credit Mortgage Advisors

If you’ve got a less than perfect credit record, your dreams of owning your own property are still very much alive with the help of our specialist bad credit mortgage advisors.

Bad credit mortgages are now more achievable than ever, with the assistance of an advisor who specialises in this area. We understand that nobody is perfect and if you’ve fallen on hard times in the past financially, this should not mean that you can’t turn things around and get yourself on the property ladder.

There are plenty of bad credit mortgage lenders who manually assess applications and are willing to offer mortgages to those with adverse credit. With access to the entire market including lenders not available on the high street, we’ll help find the right mortgage regardless of your credit history.

As a team of experienced bad credit mortgage advisors, we’ll guide you through the whole process from exploring Your Mortgage Options, to your successful application. We know the market and what it takes to get accepted for a bad credit mortgage, so leave the hard work to us.

What are Bad Credit Mortgages?

A ‘bad credit mortgage’ is simply a term used to describe a mortgage which is likely to be approved if you have a less than average credit score. They are slightly more difficult to come across in the sense that they aren’t typically offered by high street lenders, and often come with higher interest rates. For these reasons, the best way to find a mortgage that suits your circumstances is to speak to an independent advisor with whole of market access and specialist expertise in poor credit mortgages.

Lenders who specialise in bad credit mortgages will analyse your credit file in close detail, to determine what may have caused your financial hardship, how long ago it was, and what impact this had on your financial position. Many people that we speak to with an adverse credit history are surprised to learn that with the right help, getting a mortgage is easier than they first thought. If you find yourself in this position, enquire now to learn more about Your Mortgage Options and how we can help you get accepted for a bad credit mortgage.

bad credit mortgage

Enquire Now For Bad Credit Mortgage Advice

Benefits Of Speaking To A Bad Credit Mortgage Advisor

Whole of Market Access

There are many options available to you when it comes to getting a mortgage with poor credit, the trick lies in where to look. Our bad credit mortgage advisors have access to the whole of the market, including products not available from high street lenders.

We Are On Your Side

We work for you not the lender and will act solely in your best interests. You can therefore be confident that the bad credit mortgage we recommend will be the best available product to suit your circumstances.

We Do The Hard Work For You

At Your Mortgage Options we leave no stone unturned in our efforts to find and arrange the right mortgage for you. We handle the whole process end to end, including all the paperwork, solicitors and conveyancing.

We Consider Your Circumstances

We take the time to understand your individual circumstances. We don’t judge anybody based on their credit record as we know how easy it can be to fall on hard times. This is why we take pride in specialising in bad credit mortgages.

Bad Credit Mortgage FAQs

Getting a mortgage with a lower than average credit record is a little more complex than getting a standard mortgage, but with the right help it’s more than achievable. Niche lenders who specialise in bad credit mortgages will take a different view on your circumstances to high street lenders who might dismiss you straightaway. It’s just a matter of accessing these products and knowing what you’ll need to do to maximise your chances of approval. Trying to do this alone however, can prove quite difficult.

If you have adverse credit, your best chances of finding a great deal and being accepted is to speak to an independent advisor who specialises in this area.

This will depend on the extent of your adverse credit record. If your credit issues are only minor you might be able to put down 15% or even 10% deposit. However, the heavier and the more recent that your credit issues are, the higher the deposit you will have to put down. As the lenders see it, if your record suggests that you are more likely to default and be repossessed then they need more upfront to mitigate this risk.

Having said this, the criteria for bad credit mortgages is always changing and you might be surprised to learn that you have enough to get accepted, after speaking to one of our advisors.

Lenders who specialise in bad credit mortgages are usually smaller and therefore prefer not having to waste time dealing with numerous applications that they’ll end up rejecting. For this reason, they will usually only deal with intermediaries (specialist mortgage advisors such as ourselves), who put forward applications for business that they actually want.

We’ll listen carefully to your circumstances, check your credit report, run affordability checks, and put forward your application only when we are confident that it will get accepted. Enquire now to speak to an advisor and explore all of Your Mortgage Options with adverse credit.

Yes, provided you can prove that you’ll be able to keep up with your mortgage repayments on top of any outstanding debts.

Lenders will take into account how long you have been on your debt management plan for, and how you’ve kept up with those payments. If you’ve been successfully meeting your payment obligations for some time, they may look on this favourably and consider you a low risk candidate. If on the other hand your debt management plan is very recent, your options will likely be more limited.

If you are on a debt management plan, your mortgage might come with higher interest rates – speak to our team to learn more about this and to find the best deal available for your circumstances.

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