Poor credit score holding you back?

It can be tricky getting a mortgage if you have a bad credit history or are self employed.
We specialise in helping non standard borrowers across the UK.
We'll provide you with the very best advice and we'll advise you which lenders are more likely to offer you a mortgage.

Arranging mortgages for people with bad credit 

We serve the growing number of ‘non-standard’ borrowers in the UK who fall outside mainstream lenders’ criteria. We specialise in helping people who have experienced financial problems in the past and those who are self employed. As a mortgage broker with access to the whole of the market, we provide impartial advice and arrange mortgages including what are known as bad credit mortgages for people who suffer with a low credit score.  We may still be able to help even if you have been turned down for a mortgage elsewhere.

Low credit scores affect many

At any point in time there are a substantial number of individuals who don't conform to the stereotypical profile of Mr and Mrs Average expected by most high street lenders. Reports vary on the proportion of borrowers this might include, but this figure encompasses people who are self employed and those who have a blemish or two in their credit report. Unless you have a good credit score, there's a reasonable expectation you'll encounter difficulties getting the mortgage you want with a high street lender.

There is a misconception that poor credit history means you'll be rejected by all mortgage lenders which is simply not the case. Even with bad credit behind you, we may still be able to find you a deal assuming your problems are in the past and you can comfortably afford a mortgage.  

Some lenders are more inclusive, looking beyond a credit score and examining each case individually. They take into consideration the whole picture to determine whether they consider you a suitable borrower.

Overcome a bad credit rating

The main reason people fall under what is known as the 'non standard' umbrella is because they have endured previous credit difficulties which ultimately leads to a bad credit rating. Divorce, redundancy, business failure or illness are frequent reasons why people find themselves experiencing financial difficulty at some point in their life, often through no fault of their own. Furthermore, amidst a culture of borrowing and consumer credit, there are occasions where people have previously taken on too much debt and found themselves struggling to make repayments. This can lead to the issue of CCJs and default notices which can seriously impinge upon a person's ability to borrow in the future. 

Prospective borrowers who have no credit history, individuals who do not appear on the electoral roll, and people who have moved a number of times in a short space of time can also find themselves categorised as a non standard borrower. If you believe your credit rating is holding you back, contact us to see whether we can overcome your credit issues and secure the mortgage you need.

The choice for non standard borrowers

Specialist bad credit mortgage lenders offer an opportunity to those with a tarnished credit record to get a mortgage, rehabilitate their finances and improve their future credit rating. Up until the financial crash and credit squeeze, more than 30 lenders operated in this sector including global investment banks and specialist arms of high street banks who underwrote a broad spectrum of cases, from people with minor financial misdemeanors to those with heavy adverse credit.

Today the situation is much different, with only a handful of lenders operating in the market. Nevertheless, there are lenders who believe borrowers with previous financial difficulties shouldn't be excluded from home ownership. The drawback with a bad credit mortgage is you're likely to be hit with higher interest charges compared with someone who has a good credit score. You will also need to have a decent deposit at your disposal, typically 10% to 50% dependent on the severity of your situation.

Get expert advice from a specialist advisor

We have access to some bad credit and self employed mortgage deals, many of which are not available in the high street. Each application is looked at on a case by case basis, so if you have an adverse credit history or are self employed, you'll get advice on the most suitable mortgage or remortgage deals available to you.

No Obligation

Whether you're a first time buyer or looking to buy your next property, contact us today to see what we can do for you. Regardless of your financial situation you'll get advice on what options are available to you.

Quotations are FREE so it costs you nothing to see what your options are. Simply complete our no obligation enquiry form for free initial advice.

Think carefully before securing your debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.