Poor credit mortgage advice
Poor Credit Mortgages
Specialist Mortgage Advice
CCJs, defaults, late payments, payday loans or a limited credit history can make mortgage applications more complex. The Mortgage Hive can help you understand your options, subject to your circumstances and lender criteria.
Adverse Credit, CCJs, Defaults, Payday Loans, Late Payments?
Do not let previous credit issues stop you from asking for advice. We can review your credit history and discuss what may be available now, as well as steps that could help you plan for the future.
Specialist lender criteria
Mortgage Advice For Complex Credit Histories
If a high street lender has declined your application, another lender may assess your situation differently. The right route depends on the type of credit issue, how recent it was, the amount involved, your deposit or equity and overall affordability.
Your adviser can review your credit report, explain what lenders may consider and help you avoid applying where the criteria are unlikely to fit.
Late or missed payments
Bankruptcy, IVA, DRO, DMP, CCJs and defaults
Payday loans or high credit utilisation
Limited or thin credit history
Multiple recent credit applications
Free consultation
Start Your Poor Credit Mortgage Enquiry
Tell us about your situation and we will help you understand what the next step could be.
How To Improve Your Credit Position
Check your credit file and correct errors
Make sure you are on the electoral register
Make payments on time
Reduce existing debt where possible
Avoid applying for new credit unless needed
We Compare Specialist And High Street Criteria
Not every lender credit scores in the same way. Some lenders use automated scorecards, while others may manually assess the detail of your credit history against product criteria.
All recommendations depend on your credit report, income, deposit, property and wider affordability.
Specialist lender comparison
We Compare High Street And Specialist Lenders
We compare lenders that may consider more complex credit histories. The right lender depends on your credit report, deposit, income, property and lender criteria.
Advice before you apply
Don’t Get Stung, Let The Mortgage Hive Review Your Options
Even if you have been declined elsewhere, it may still be worth reviewing your credit report and lender criteria before making another application. We can discuss what could be available now and what steps may help in future.
Tailored mortgage advice
Your Situation Is Unique So Is Our Advice
Adverse credit cases depend on detail. We will review your circumstances carefully and explain which lender routes may be suitable, without promising an outcome before the facts are known.
If a mortgage is not the right option today, we can talk through steps that may help you become better prepared in future.
Poor credit mortgage FAQs
Common Questions About Bad Credit Mortgages
The importance of an up-to-date credit report
An up-to-date credit report helps your adviser see recent addresses, accounts, payment history and any adverse credit recorded over the last six years.
What impact does credit scoring have?
Lenders assess credit in different ways. A decline from one lender does not automatically mean every lender will decline, but your options depend on your credit history, deposit, income and affordability.
Do all lenders credit score?
No. Some lenders use automated credit scoring, while some specialist lenders may assess the credit report in more detail against their product criteria.
What is bad credit?
Bad or adverse credit can include late payments, defaults, CCJs, payday loans, debt management plans, IVAs, bankruptcy, repossession, limited credit history or high use of available credit.
Is it possible to get a mortgage with bad credit?
It may be possible, but it depends on the credit issue, whether it is satisfied, your deposit, income, property and affordability. A broker can help compare criteria before you apply.
Can I get a low-deposit mortgage with bad credit?
Low-deposit options can be harder with adverse credit. Some lenders may require a larger deposit depending on the severity and recency of the issue.
Will a CCJ prevent me from getting a mortgage?
A CCJ can make an application more difficult, but it does not always rule out every option. Lenders may look at the amount, date, whether it is satisfied and your current financial position.
Can I get a mortgage while I have an IVA?
Some lenders may consider applicants with an IVA, but criteria can be strict. If an IVA is in place, you may need permission from the insolvency practitioner before taking further borrowing.
Can I get a mortgage with defaults?
Defaults can affect your options, especially if recent or large. Some lenders may still consider an application depending on the wider circumstances.
How can I improve my credit position?
Check your credit file, correct errors, register on the electoral roll, make payments on time, reduce existing debt where possible and avoid unnecessary new credit applications.
Ready To Review Your Mortgage Options?
Speak to The Mortgage Hive for careful, practical advice before making another mortgage application.