Adverse Credit Mortgage Broker Helping You Get Approved

Are you struggling to secure a mortgage because of past financial difficulties? Our team of specialist adverse credit mortgage brokers can help you navigate the complex lending landscape and find mortgages for poor credit that meet your needs. We’ve helped thousands of clients with credit challenges achieve their homeownership dreams.

What Is an Adverse Credit Mortgage?

An adverse credit mortgage is specifically designed for borrowers whose credit history shows past financial difficulties. These credit-impaired mortgage options cater to individuals who may have experienced:

County Court Judgments (CCJs): Legal orders registered against you for failing to repay money owed
Defaults: When a lender closes your account due to missed payments
Individual Voluntary Arrangements (IVAs): Formal agreements to repay debts over a set period
Bankruptcy: Legal proceedings where your assets may be used to pay debts
Missed or Late Payments: History of not making loan or credit card payments on time
Debt Management Plans: Informal agreements to repay debts with reduced payments

These mortgages differ from standard products in several key ways:

Higher interest rates to offset the increased lending risk
Larger deposit requirements (typically 15-25% minimum versus 5-10% for standard mortgages)
More detailed affordability assessments
Greater emphasis on your recent financial conduct

Adverse credit mortgages serve people from all walks of life who have faced financial challenges. From the self-employed business owner who missed payments during a slow period, to the parent who accumulated debt during a separation, or the individual who faced unexpected medical expenses – these mortgages provide a vital second chance mortgage opportunity.

Can You Get a Mortgage with Bad Credit?

Yes, you absolutely can – and we help clients achieve this every day. While having been declined mortgage applications by high street banks can be discouraging, specialist lenders have developed products specifically for borrowers with credit issues.

The time elapsed since your credit problems is crucial:

Recent issues (within the last 12 months): More challenging but still possible with the right approach
Older issues (2-3 years ago): Significantly more options become available
Historic issues (4+ years ago): Many more lenders may consider your application

Every situation is unique, and lender criteria vary widely. Where you’ve been rejected by the bank, we often find success. Our expertise lies in matching your specific circumstances with lenders whose criteria align with your situation, providing no judgment advice that focuses on solutions rather than past difficulties.

Types of Credit Issues We Can Help With

Our specialist brokers have extensive experience securing mortgages for clients with various credit challenges:

County Court Judgments (CCJs) Whether satisfied (paid) or unsatisfied (unpaid), we can find lenders willing to consider your application. The amount, age, and circumstances surrounding the CCJ all factor into our approach.

Defaults From minor telecommunications defaults to more significant credit account defaults, we work with lenders who take a sensible view of these issues, especially if they’re not recent.

IVAs & Debt Management Plans Both active and completed IVAs or debt management plans need careful handling. We work with specialist lenders who understand these debt solutions.

Missed Payments Occasional missed payments on loans, credit cards, or even previous mortgages don’t automatically disqualify you. We can explain how different lenders view the frequency and recency of these issues.

Bankruptcy For discharged bankrupts, mortgage options become increasingly available as time passes. We have specialist lending relationships for this specific situation.

Low Credit Score Even with no specific adverse events but an overall low credit score, we can identify lenders who rely less on automated scoring and more on individual circumstances.

How We Help as a Specialist Bad Credit Broker

Our approach to securing mortgage with low credit score is comprehensive and supportive:

Access to Specialist Lenders We maintain relationships with the entire market of adverse credit mortgage lenders, including many who don’t deal directly with the public. These specialist lenders often offer more flexible criteria and manual underwriting that looks beyond automated credit scoring.

Application Presentation We know exactly how to structure and present your application to highlight strengths and contextualise past credit issues. This expert presentation can make the difference between approval and rejection.

Affordability Assessment Before approaching any lender, we conduct thorough affordability checks to ensure we only recommend sustainable borrowing amounts and identify the most suitable products.

Personalised Strategy We develop bespoke application strategies based on your specific credit issues, current financial situation, and property goals.

Emotional Support We understand the stress and anxiety that comes with credit worries. Our service is built on empathy and understanding – we’re not here to judge your past, we’re here to help secure your future.

Adverse Credit Mortgage Eligibility Criteria

While criteria vary between specialist lending criteria, several factors consistently influence your eligibility:

Deposit Requirements Expect to need at least 15-25% deposit with adverse credit, compared to 5-10% for standard mortgages. More serious or recent credit issues may require deposits of 25-40%.

Income & Employment Stable income is crucial. Most lenders prefer at least 12 months in your current job, though we work with some who are more flexible, including for self-employed applicants with only one year’s accounts.

Credit File Assessment Lenders will review:

The age of any adverse credit events
The amounts involved
Whether debts have been satisfied
Your conduct in the last 12-24 months
The explanation behind past issues

Loan-to-Value Ratio The percentage of the property value you need to borrow affects your options. Lower LTV (larger deposit) applications have significantly more options.

Property Type Standard properties (houses, flats) are easier to mortgage than non-standard constructions or commercial properties.

Tips to Improve Your Mortgage Approval Chances

Take these proactive steps to improve mortgage chances with adverse credit:

Review Your Credit Reports Obtain reports from all three major UK credit reference agencies (Experian, Equifax, TransUnion). Check for errors and ensure all information is accurate and up-to-date.

Register on the Electoral Roll This simple step can significantly boost your credit score and is checked by almost all lenders.

Rebuild Credit Responsibly Consider credit-builder cards or products, but ensure payments are made in full and on time.

Save a Larger Deposit The bigger your deposit, the more lenders will consider your application and the better rates you’ll be offered.

Avoid New Credit Applications Multiple credit searches in a short period can negatively impact your score. Put major purchases on hold during your mortgage application.

Clear Outstanding Debts Where Possible Reducing your overall debt burden improves your affordability assessment and demonstrates financial recovery.

Provide Complete Documentation Be prepared with detailed explanations for past credit issues, supported by relevant documentation.

FAQs: Adverse Credit Mortgages

Can I get a mortgage with a CCJ? Yes, many lenders will consider applications with CCJs. Factors affecting approval include: how recent the CCJ is, whether it’s satisfied (paid), the amount, and your explanation of the circumstances.

How long after bankruptcy can I apply for a mortgage? Some specialist lenders will consider applications once you’re discharged (usually after 12 months), though most prefer at least 3-4 years post-discharge for better rates and terms.

Do all lenders consider poor credit histories? No, mainstream high street lenders typically have strict criteria that exclude most adverse credit. However, we work with numerous specialist lenders who focus specifically on this market.

What deposit will I need with bad credit? This depends on the severity and recency of your credit issues. Expect to need at least 15-25% for minor issues, and potentially 25-40% for more significant or recent problems.

Will I pay higher interest rates? Yes, typically adverse credit mortgages come with higher rates to reflect the increased lending risk. However, as your credit improves and time passes, you can often remortgage to better rates.

Can self-employed people get adverse credit mortgages? Absolutely. While it adds another layer of complexity, we specialise in finding solutions for self-employed clients with credit challenges.

Speak to an Adverse Credit Mortgage Expert Today

Everyone deserves a second chance, and financial difficulties shouldn’t permanently block your path to homeownership. Our team of specialist mortgage advisors offers compassionate, practical guidance to help you secure the mortgage you need despite past credit challenges.

We pride ourselves on providing a judgment-free service focused entirely on finding solutions that work for your unique situation. From your first consultation through to completion, we’ll support you every step of the way.

Contact us today for a free, confidential discussion about your circumstances. No obligation, no pressure – just expert advice on your options for moving forward.

No judgment. Just solutions. Let us help you start your journey toward mortgage approval today.