Helping people with past or current credit difficulties

Getting a mortgage with a low credit score

We are specialists at locating the best mortgage deals for people with a low credit score. Our extensive experience in this area, means we have access to some specialist lenders who look more favourably upon people who may have limited previous credit history or past blemishes on their borrowing record.

Whatever your credit history, even if you have been previously turned down by a lender, simply complete our quick no obligation enquiry form and we'll get back to you with what your options are.

What's the score?

When you apply for a mortgage, the lender will try to access your creditworthiness, that is predict how big a risk it is taking by allowing you to borrow. The process known as credit scoring awards points depending on the answers you provide to questions on the application form.

As well as credit scoring your application, the lender will also carry out a credit check by using a credit reference agency such as Experian or Equifax to look at your credit file.

If the lenders gets wind of any information indicating that you may pose it a risk in terms of paying back your home loan they may refuse to put you onto their books.

If you have ever been turned down for a mortgage, you are not alone by a long stretch. It is said that 25% of applicants are rejected, and the vast majority of these will have been turned down because they have experienced credit difficulties in the past, which will result in a low credit score when the lender undertakes a credit check.

Many people have a poor credit record through no fault of their own. You might have a CCJ marked against your name for a trivial misdemeanour such as missing a book club payment, for example. Many have suffered life-changing events such as divorce, redundancy or long-term illness, which has led to them not meeting their credit obligations. Businesses can and do fail, repossessions happen to the best of us when the property market crashes, as witnessed in the late 1980s and early 1990s and more recently with the credit crunch which enveloped financial institutions from 2007 onwards leading to one of the longest and deepest recessions in modern times.

Your credit record can be impaired by any of the following:

  • County Court Judgements (CCJs)
  • Mortgage arrears
  • Defaults on loans, credit cards or mobile phone bills
  • Repossession
  • Bankruptcy
  • Self-employment
  • Being in receipt of income benefits
  • Unemployment
  • Not having a bank account
  • Not being on the electoral roll
  • A poor credit record does not prevent you from getting a mortgage as there are a small number of lenders who believe in giving a second chance to people who may have had problems in the past.

    Sympathetic lenders will look at the facts in each and every individual case and assess its level of risk. They will then offer a mortgage priced accordingly. Itís not a case of one size fits all and prices vary according to the seriousness of your situation and the level of risk you pose.

    Whatever your circumstances, simply complete our quick no obligation enquiry form and let us locate the best deals for you.

    Home | Contact Us | Privacy | Disclosure | Resources Your home may be repossessed if you do not keep up repayments on your mortgage.