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Mortgages for Poor Credit

We are a free service which matches people with independent, impartial and whole-of-market brokers who specialise in all kinds of mortgage niches, including bad credit. 

The advisors we work with have the expertise to help customers with all kinds of credit issues. They have access to every specialist bad credit lender on the market and may be able to find you a favourable deal where others have let you down and won’t allow unnecessary mortgage credit checks to be completed.

Our mission is to ensure everyone gets the right advice and spread the word that there are countless adverse credit lenders out there who could potentially offer you a lifeline, even if you’ve been rejected by a mortgage provider more than once in the past.

The expert brokers who work with us arrange mortgages for customers with the following credit problems on their file every day…

  • No credit history
  • Low credit score
  • Late payments
  • Missed mortgage payments
  • Defaults
  • CCJs
  • IVAs
  • Debt management schemes
  • Repossessions
  • Bankruptcy
  • Payday Loans
  • Multiple credit problems

Read through our articles written exclusively by experts in all kinds of mortgage niches. The advisors we work with have a strong track record dealing with complex cases and arrange mortgages for a wide range of borrowers daily. They’re just a phone call away!

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How to get a mortgage with poor credit

Finding a lender who specialises in helping customers with the type of credit issue you have is key to succeeding in getting a mortgage. Lenders who deal with customers who have adverse credit issues know they need to take a flexible approach when making their lending decision, and we work with bad credit mortgage brokers who know who to apply to.

Read more about how to get a bad credit mortgage.

Remortgaging with bad credit

Remortgaging with bad credit can be more straightforward than buying a home as the borrower usually has two choices: refinancing their debt or taking out a second charge mortgage/secured loan. The advisors we work with can help you figure out which of these options is right for you and introduce you to the lender offering the most favourable deals.

Read more about how to remortgage with bad credit.

Three steps to your mortgage

  1. Fill out an enquiry form on our website – this will take no more than a few minutes.
  2. Sit back and let us do the hard work – we’ll check the information you’ve provided and connect you with the right broker based on your needs and circumstances.
  3. Your expert broker will search the entire market for the best deals you’re eligible for and introduce you to the lender offering the most favourable one.

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs. Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

Our mortgage jargon buster

Having no equity is an issue for lenders because if you don’t repay the mortgage, they have to try and sell the property to get their money back, and if your loan was 100k and the house 100k (100% LTV) the chances of them getting full price and then covering their costs are nil. In fact, at 90k (90% LTV), the chances of covering all costs are slim.

When you are getting a mortgage with bad credit, income rules are the same on normal applications, and it needs to be adequate to show you can easily afford the mortgage now, and into the future. It’s not always based on the monthly payments, which is at times frustrating especially for those consolidating debts from £2000pm to £1200pm for example, where the £1200 is deemed affordable even though the borrower was keeping on top of the £2000! Usually, a borrowing limit of 4x salary is a common figure, so if you earn £20k, you could borrow £80k, although some lenders go to 5x, and at times more for higher earners.

Personal factors effecting mortgages for poor credit criteria include: age, number of applicants, application type (right to buy/ family purchase etc) and more.

To get mortgages with bad credit, if you have other assets, such as equity in other properties, businesses, investments, savings, then these can show a lender you have other means to support yourself and their loan, should you fall into trouble.

Some lenders have different takes on non-standard property, so if you’re buying or remortgaging a thatched cottage, concrete property, or maybe a property with an annexe, it can effect a lending decision.

For mortgages with a bad credit score, it’s important to remember that although most lenders will give you a score, some don’t. The ones that do will limit your borrowing, your LTV or decline you if you’d don’t have a high enough score. But the specialist bad credit mortgage lenders that don’t score will assess your credit file understanding that at certain times in life, things happen, and if they aren’t too severe or there is a good explanation, they may well approve your loan. Note: Mortgages with bad ‘credit rating’ relate to the same thing as ‘credit score’.

Mortgages for people with bad credit history are most impacted by the type, amount and date of the credit issues. The more recent the issue, the worse it looks, and the more serious the issue (in terms of £ and the type of credit the issue was with) the worse it looks. So, a mobile phone default of £100 is better than a secured loan default of £100. A CCJ for £5,000 is far worse than a CCJ for £50.

Get a Mortgage with Bad Credit

Whatever credit issues you've had in the past, there's an expert who can get the right mortgage for you