Adverse/Bad Credit

If you have bad credit you may now find it very difficult to obtain any finance of any kind. There are very few mortgage lenders willing to accept an application where the applicant has adverse credit, especially if this has been recent. However, there are still a few available and being a whole of market mortgage broker we have access to all lenders and can often offer other solutions.

If you think you require an adverse credit mortgage we may be able to help. We can discuss the options available to you and advise the best route for your circumstances.

It is estimated that one in four people in the UK would be declined a standard mortgage due to adverse credit. High street mortgage lenders, together with niche specialist lenders, have designed products for people in this position, although this is now a very limited market, this may still be available if you have a good proportion of equity in your home. Having a County Court Judgement (CCJ) for unpaid debt, missed payments to credit cards or any other type of missed payments will all affect the status of your credit report which can in turn make things difficult when you are applying for a mortgage.