Across the UK, the range of lenders that accept \u2018bad credit\u2019 can vary depending on your location,the severity of your \u2018bad credit\u2019 and a number of other factors.\r\n\r\nIf you\u2019re looking for a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/mortgage-northern-ireland\/">mortgage in Northern Ireland<\/a> and you have \u2018bad credit\u2019, you may have found that there are fewer lenders to choose from and that interest rates being offered to you are high.\r\n\r\nIf this is indeed the case, try not to get disheartened. We know that in the right circumstances, it is completely possible to obtain a mortgage, even if you have previously been declined due to the adverse credit on your file\r\n\r\nBuying a home shouldn\u2019t be stressful. To make the process of getting a bad credit mortgage in Northern Ireland as smooth as possible, we\u2019ve created this handy guide including:\r\n<ul>\r\n \t<li><a href="#bc-northern-ireland">Can I get a bad credit mortgage in Northern Ireland?<\/a><\/li>\r\n \t<li><a href="#bad-credit-assessment">Is bad credit assessed differently in Northern Ireland?<\/a><\/li>\r\n \t<li><a href="#type-of-bad-credit-northern-ireland">What type of credit issues do bad credit lenders in Northern Ireland accept?<\/a><\/li>\r\n \t<li><a href="#affordability-bad-credit-northern-ireland">Can you afford to get a mortgage in Northern Ireland with bad credit?<\/a><\/li>\r\n \t<li><a href="#how-much-borrow">How much could you borrow?<\/a><\/li>\r\n \t<li><a href="#calculate-affordability-bad-credit">Calculate your affordability for a bad credit mortgage<\/a><\/li>\r\n \t<li><a href="#stamp-duty-northern-ireland">Stamp Duty in Northern Ireland vs. the rest of the UK<\/a><\/li>\r\n \t<li><a href="#why-speak-to-bc-specialist">Why you should speak to a bad credit specialist<\/a><\/li>\r\n \t<li><a href="#speak-to-expert-bc">Speak to an expert about bad credit mortgages in Northern Ireland<\/a><\/li>\r\n<\/ul>\r\nYou can find our main page on<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/how-to-get-a-mortgage-with-bad-credit\/"> bad credit mortgages<\/a>, but if you\u2019re looking for advice and want to speak to a specialist today, contact us\u00a0and we\u2019ll be happy to help.\r\n\r\n[feefo-banner]\r\n<h2 id="bc-northern-ireland">Can I get a bad credit mortgage in Northern Ireland?<\/h2>\r\nIt can be difficult, but by no means impossible.\r\n\r\nAlthough there will be far fewer mortgage providers to choose from compared to the mainland UK, the advisors we work with have access to specialist lenders who cover Northern Ireland and cater for borrowers who fall within the \u2018adverse\u2019 credit niche.\r\n\r\nSome lenders view borrowers with \u2018bad credit\u2019 as people who are more likely to miss their mortgage payments which puts them at a higher risk of repossession. In order to make back the money they have loaned, lenders assess the probability that they can resell the property in the event of a repossession.\r\n<h2>Can I get a bad credit mortgage anywhere in Northern Ireland?<\/h2>\r\nThe minority of lenders who do cover Northern Ireland usually have postcode restrictions in place and won\u2019t offer mortgages for properties in certain locations.\r\n\r\nFor instance, the demand for properties in rural areas in Northern Ireland can be lower compared to the demand for properties in cities such as Belfast, which makes them a lot harder to resell.\r\n\r\nTo avoid the risk of potentially losing money, some lenders in Northern Ireland and the rest of the UK charge high interest rates or simply won\u2019t lend for properties in rural areas, especially if the borrower has \u2018bad credit\u2019 and a history of mismanaging finances.\r\n\r\nHowever, there are mortgages in Northern Ireland for \u2018bad credit\u2019 applicants and some of the providers offering them might well cover the area you\u2019re looking at. The advisors we work with have access to every one of the adverse credit mortgage lenders in Northern Ireland so if there\u2019s a mortgage you\u2019re eligible for, they\u2019ll find it. <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-bad-credit-specialist\/">Talk to an advisor<\/a> for more information.\r\n<h2 id="bad-credit-assessment">Is bad credit assessed differently in Northern Ireland?<\/h2>\r\nThe simple truth is that \u2018bad credit\u2019 is subjective and every lender across the UK including Northern Ireland has a different appetite to lending to a borrower with a poor credit score.\r\n\r\nOne lender, for example, may decline your <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/mortgages-and-ccjs\/">mortgage if you have a CCJ<\/a>, while another may be happy to lend to you, as long as you have a larger deposit of 15%. There are also specialist lenders in Northern Ireland and other parts of the UK, who specifically lend to borrowers with \u2018bad credit.\u2019\r\n<h2 id="type-of-bad-credit-northern-ireland">What type of credit issues do bad credit lenders in Northern Ireland accept?<\/h2>\r\nAny \u2018bad credit\u2019 you have on your file will be assessed based on the lender\u2019s criteria - there are no set rules on how each individual country within the UK scores \u2018bad credit\u2019 to conclude whether or not you\u2019ll be approved or rejected for a mortgage.\r\n\r\nTherefore, there may be bad credit lenders in Northern Ireland that accept your \u2018bad credit\u2019 even in instances where it is severe such as bankruptcy.\r\n<ul>\r\n \t<li>Low credit score<\/li>\r\n \t<li>Late payments<\/li>\r\n \t<li>Missed mortgage payments<\/li>\r\n \t<li>Defaults<\/li>\r\n \t<li>CCJs<\/li>\r\n \t<li>IVAs<\/li>\r\n \t<li>Debt management schemes<\/li>\r\n \t<li>Repossessions<\/li>\r\n \t<li>Bankruptcy<\/li>\r\n<\/ul>\r\nAlternatively, make an enquiry and we\u2019ll refer you to one of the experts for the right advice.\r\n<h2>Can you afford to get a mortgage in Northern Ireland with bad credit?<\/h2>\r\nMost lenders calculate your <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/">mortgage affordability<\/a> by looking at your income versus your outgoings. If you are a \u2018bad credit\u2019 borrower, your outgoings may include repayments for debts, so lenders will want to ensure that after making these payments, you can still afford to pay your mortgage payments in full and on time.\r\n<h2 id="how-much-borrow">How much could you borrow on a bad credit mortgage in Northern Ireland?<\/h2>\r\nTypically lenders provide loans of 4 x an annual income. For someone earning \u00a325,000, this could equate to a loan of \u00a3100,000.\r\n\r\nHowever, some lenders view borrowers with poor credit as customers that are more likely to not repay their mortgages and so to reduce the risk posed to them, they offer smaller loans.\r\n\r\nThat being said, there are some lenders that approve loans for 4 x the annual income of a borrower, even when they have \u2018bad credit.\u2019 It may be the case that a bigger deposit between 10 - 40% of the property's value could be required so that as the buyer, you own more equity.\r\n\r\nThere are also specialist bad credit lenders who might stretch to 5 x or even 6 x your salary, depending on a number of factors such as the age and severity of the credit problems, and how closely you meet the other requirements on their eligibility checklist.\r\n\r\nIt may also be possible to apply for a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/joint-mortgage-with-one-bad-credit-applicant\/">joint mortgage if one of the applicants has bad credit<\/a>, their income will also be taken into consideration and may increase affordability.\r\n\r\nFor more information see our page on <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/">mortgage income multiples<\/a>.\r\n<h2 id="calculate-affordability-bad-credit">Calculate your affordability for a bad credit mortgage<\/h2>\r\nIt can be helpful to calculate how much you could borrow before you apply for a mortgage in Northern Ireland with poor credit as this can help you to avoid being rejected and affecting your credit report.\r\n\r\nOne of our advisors can help you with this and can also provide you with a free credit check on each of the leading credit reference agencies so you can prepare for what lenders can see when assessing your application.\r\n\r\nFor more information check out our <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/">main affordability<\/a> hub.\r\n\r\nYou can access a free credit check through the links below, you can also read about the impact a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/mortgage-credit-check\/">mortgage credit check<\/a> can have on your credit file in our guide.\r\n\r\nTalk to an expert for more information on this or to calculate your affordability.\r\n\r\n[affiliate-links]\r\n<h3>Are there other costs involved with moving?<\/h3>\r\nIf you\u2019re thinking of getting a mortgage in Northern Ireland with \u2018bad credit\u2019, it can be helpful to calculate the costs that are involved to help avoid any unexpected charges.\r\n\r\nThese charges are no different than they would be anywhere else in the UK, but it can be especially helpful to be aware of them in advance, especially if you have a lower income or are being asked for a larger deposit because of your bad credit.\r\n\r\nHere are some of the additional costs that you should factor in when moving:\r\n<ul>\r\n \t<li>Moving costs<\/li>\r\n \t<li>Legal and survey fees<\/li>\r\n \t<li>Insurances including life, building, income protection, content, critical illness<\/li>\r\n \t<li>Stamp Duty<\/li>\r\n<\/ul>\r\nA mortgage advisor can help you to calculate all of the costs that are associated with moving and can also recommend companies with lower fees to help you save money. For more information on this, contact an advisor.\r\n<h2 id="stamp-duty-northern-ireland">Stamp Duty in Northern Ireland<\/h2>\r\nStamp Duty is charged at the same rate in Northern Ireland, Wales and England. The only exception to this is Scotland where since April 2015, there has been no Stamp Duty charge. Instead, a <a href="https:\/\/www.revenue.scot\/land-buildings-transaction-tax" target="_blank" rel="noopener noreferrer">Land and Building Transaction Tax (LBTT)<\/a> was introduced so that the tax charged is more proportionate to the price of the property.\r\n<h3>How much will I need to pay?<\/h3>\r\nBuyers in England, Wales and Northern Ireland will have to pay the following...\r\n<ul>\r\n \t<li>0% on properties between \u00a30 and \u00a3125,000<\/li>\r\n \t<li>2% on properties between \u00a3125,000 and \u00a3250,000<\/li>\r\n \t<li>5% on properties between \u00a3250,000 and \u00a3925,000<\/li>\r\n \t<li>10% on properties between \u00a3925,000 and \u00a31,500,000<\/li>\r\n \t<li>12% on properties over \u00a31,500,000<\/li>\r\n<\/ul>\r\nAs well as this, if you\u2019re a first-time buyer in Northern Ireland, England or Wales, you will pay no Stamp Duty on properties worth up to \u00a3300,000, which could potentially save you up to \u00a35,000.\r\n\r\nAs a \u2018bad credit\u2019 buyer who may be asked for a higher deposit, this can provide some relief and help you save the money needed to move quicker.\r\n<h2 id="why-speak-to-bc-specialist">How do I get a bad credit mortgage in Northern Ireland?<\/h2>\r\nTo find the best \u2018bad credit\u2019 mortgage lenders in Northern Ireland, talk to a mortgage advisor. We have access to hundreds of <a href="\/bad-credit-mortgages\/bad-credit-mortgage-broker\/">bad credit mortgage brokers<\/a> and will only recommend an expert to you that has specific experience with finding mortgages for customers with \u2018bad credit.\u2019\r\n\r\nA good mortgage broker will take the time to understand exactly what you are looking for and find deals that are affordable and beneficial for you, based on your circumstances.\r\n\r\nTo do this, they\u2019ll need to see your income and outgoings and know any information on any current or previous debts you have. From this, they can suggest lenders and manage any negotiations or paperwork on your behalf, saving you yet more time and hassle.\r\n\r\nYou can get the ball rolling on your application by making an enquiry with us.\r\n<h2 id="speak-to-expert-bc">Contact an expert on bad credit mortgages in Northern Ireland<\/h2>\r\nIf you have questions about \u2018bad credit\u2019 mortgages in Northern Ireland and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-bad-credit-specialist\/">make an enquiry<\/a>.\r\n\r\nThen sit back and let us do all the hard work in finding the broker with the right expertise for your circumstances.\u00a0\u00a0\u2013 We don\u2019t charge a fee and there\u2019s absolutely no obligation or marks on your credit rating.