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Bad Credit2020-11-11T10:30:42+00:00

SECURE A MORTGAGE WITH BAD CREDIT

If you have an adverse credit history, whether you have been denied a mortgage application previously or not, it’s important to keep faith and know that there are still possibilities of securing your mortgage. With government schemes like the Help to Buy scheme and Shared Ownership allowing borrowers to have as little as 5% deposit, now is a great time to start thinking about taking your next step onto the ladder if you’re planning to move home and complete your second mortgage. With our expert, specialist mortgage advice, it’s possible even to remortgage your property with bad credit history so, what are you waiting for?

We have helped:

  • No credit history

  • CCJ’s
  • Low credit score

  • LVA’s

  • Late payments

  • Repossessions

  • Defaults

  • Bankrupcy

Can I get mortgage with bad credit?

It may be possible to get a mortgage with poor credit rating – so don’t lose hope just yet! As a mortgage broker with experience securing clients a mortgage with bad credit history, we have access to lenders who may be able to help you get the mortgage you need. Whatever your credit score, our team can try and secure a mortgage for you. There are many factors of your credit history that may affect your application. These can include: County Court Judgement, Payday Loans, Defaults or missed payments, Individual Voluntary Arrangements, your employment status, bankruptcy and much more. At Southern Mortgages we are proud to have helped many clients who have experienced these credit problems.

We use our knowledge and experience to find the best solution for you, and we are then able to get you the mortgage you require.If you have an adverse credit history, give us a call and we will do our best to get you the mortgage that you require for your purchase or re-mortgage.

get a mortgage with bad credit

LOOKING TO IMPROVE YOUR CREDIT SCORE?

If you think you may have too many “footprints” on your file (ie. history of credit applications), use one of these online credit agencies to get a free credit report, and understand more about what’s on your file and how you can start improving it today!

Noddle credit check
Experian credit check
UK Credit Ratings credit check
Check My Files credit check

“Please be aware that by clicking on to the above links you are leaving Southern Mortgages website. Please note that Southern Mortgages nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page”

Mortgage advice for
Poor Credit rating

If you have poor credit rating and are in need of mortgage advice, speak to one of our advisers today and see how we can help you with a stress free mortgage.

Call 01702 746811

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Speak to an Adviser

01702 746811

Our Hours

Mon – Fri 09:00 – 17:30 Sat 09:00 – 12:00

Get in Touch

Speak to an Adviser

01702 746811

Our Hours

Mon – Fri 09:00 – 17:30 Sat 09:00 – 12:00

Get in Touch

Advice for Poor Credit

Can I still get a mortgage if I’ve had my home repossessed?2020-08-19T12:13:14+01:00

This is a challenging situation to tackle, but the good news is that it’s definitely possible! If you faced repossession over 4 years ago, it is possible that if you meet the correct criteria for the lender then you will be able to secure a mortgage. There are many factors that a lender will look at in regards to your previous repossession, so give us a call today if you’re unsure as to whether you will qualify under your circumstances.

Will my partner’s credit rating affect my chances of getting a mortgage?2020-08-19T12:12:52+01:00

If you’re applying for a joint mortgage, you and your partner will be classed as “Financial Associations”, meaning that their bad credit history could impact your chances of getting a mortgage. If you have no financial links however (even if you are living at the same address or share the same surname), then your credit rating will be solely your own and your partner’s will not impact your mortgage application.

Are there specific lenders for borrowers with adverse credit?2020-08-19T12:10:58+01:00

Although some lenders favour certain demographics over others, there are no real lenders that encourage poor credit borrowers. However, once we get to know your situation, your personal, expert mortgage adviser will have a pretty good idea as to what lender you are going to be eligible for, and what the best deals available to you are before you submit your credit application.

What shall I do if I have been declined a mortgage loan by the bank or other lenders?2020-08-19T12:10:28+01:00

Don’t fret. That’s where we come in. Even if you have been declined a mortgage due to your bad credit rating as a first time buyer or any other mortgage type, you still have a chance of securing your mortgage via a broker like us with “whole of market” access. In order to give yourself more of a chance to be accepted, you should make sure that your bills are paid on time every month, keeping your balances as low as possible (excluding your mortgage), showing the lenders that you are trustworthy and responsible with your monthly payments. You should also register on the electoral roll, as many lenders use this as a way of confirming your current address. Lastly, you should avoid making any more financial applications (this can be a mortgage, a loan, credit cards etc) as each time you apply this is saved to your credit history and could impact your chances.

Can Southern Mortgages help whatever the circumstances?2020-08-19T12:09:07+01:00

Well, yes. Even if we are unable to fully secure your mortgage application at this moment in time due to bad credit rating etc., we can put you on the right path in order to successfully complete one. Whatever your credit history, it’s important to have a clear understanding on what your options are and how you can improve your chances.

REQUEST A CALLBACK

If you would like to speak to one of our mortgage advisers and see how we can help you with a stress free mortgage, or you would like to discuss our range of loans or insurance cover, complete the contact form and we would be happy to call at a time that is convenient to you. Alternatively, simply request a reply by email if you prefer and we will get in touch with you.

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