Can I Get A Mortgage If I Have Bad Credit?

We are frequently asked whether we can arrange mortgages for clients with adverse credit. There is no doubt that a clean credit score will enable you to choose from a wider range of mortgage products, however, you’ll be pleasantly surprised to learn that we have access to specialist lenders who can help even in the most challenging scenarios. 

It is important to consider that different lenders have different criteria for lending money – some lenders may see you more positively than others. So there’s no hard and fast rule of what’s considered bad credit.

For example, we work with lenders who will not credit score you and others who’ll accept small communication or utility defaults. We also have lenders who will accept defaults when registered over 36 months and lenders who might accept multiple secured and unsecured arrears, defaults, and CCJ’s.

If you have concerns regarding your credit or require advice and want to purchase or remortgage a property, we can help. Speak to our senior broker, Danny O’Keeffe on 0208 364 3444 or click the request a call back button below to book a time slot. 

CHL Mortgages Returns to Lending After 13 Years
This week, we had a further sign that the property sector is returning to full strength. As one of the largest specialist buy-to-let lenders in the early 2000s, CHL Mortgages is now returning to the market after a 13-year hiatus. They’ve said, “The growth of the specialist buy-to-let sector in recent years gives us tremendous confidence regarding the market opportunities available for lenders, brokers, and landlords.” We will have access to their new products once they’ve been announced. 

MPs Block Bid to Save Leaseholders from Fire Safety Bills
The cladding debacle rumbles on. MPs voted to block a House of Lords amendment to the Fire Safety Bill on 28 April. The Bill had sought to protect leaseholders from being forced to pay for works to fix unsafe cladding and other fire risks, until such a time as a statutory scheme has been set up. We’ll keep you posted with new development on this important matter, which has caused concern to many of our clients.