Bad Credit Mortgages
Bad Credit
Mrortgages
Bad credit mortgages from specialist lenders help you get on the property ladder, though they may require a larger deposit or higher rate.
What Is bad credit Mortgage?
A bad credit mortgage is a type of mortgage designed for people whose credit history shows late payments, defaults, or other credit issues. These mortgages help borrowers who may not qualify for standard deals by offering tailored terms, such as higher interest rates or larger deposits, while still giving the chance to buy a property.
Lenders assess your overall financial situation alongside your credit history to determine the most suitable mortgage product, making it possible to secure a home even if your credit record isn’t perfect.
Understanding Bad Credit
Bad credit can affect your mortgage application in a few ways. You might be denied the loan amount you need, offered mortgages with higher interest rates, or asked to increase your deposit.
However, a lender can also use a credit check to identify the most suitable mortgage product for your circumstances, giving them a clearer view of the risks involved.
It’s important to remember that your credit score isn’t the only factor. Lenders also consider other aspects of your application and your individual financial situation, meaning a successful mortgage application is still possible even with bad credit.
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How To Apply For A Mortgage With Bad Credit
CONTACT AN ADVISOR
With the right mortgage advice, like the guidance provided by our knowledgeable team, you can discover mortgage lenders and deals that are appropriate for you.
CONTACT A CREDIT REFERENCE AGENCY
The CRA is often the best place when getting a mortgage with bad credit. It can offer guidance based on your specific credit history and help you to build a better credit score.
INCREASE THE SIZE OF YOUR DEPOSIT
One way that prospective buyers with bad credit can seem like a lesser risk to lenders is by putting down a bigger deposit as this means you’ll require a smaller loan amount.
CONSIDER GETTING A GUARANTOR
Adding a guarantor could help you to obtain a better mortgage deal. It can reassuring lenders that your repayments will be made if you fail to make them yourself.
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Why Choose UKMC
Simple, Straightforward Approach
Simple, Straightforward Approach
Thousands of Products
Thousands of Products
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Dedicated Case Manager
Free Property Insights and Reports
Free Property Insights and Reports With our online portal, you can quickly access detailed reports about your chosen property, making it easier to make informed decisions. Reports include:
- Broadband speeds – Check connectivity before moving in.
- Energy efficiency rating – Know how much your bills might be.
- Local property trends – See prices in your postcode and compare similar homes.
- Area insights – Find out about crime rates, common professions, and property types nearby.
- Environmental info – Flood risk, geology, radon, and nearby infrastructure projects.
Plus, our handy home-buying checklist keeps you organised at every step.
Flexible Appointment Options
Flexible Appointment Options 
Things to Consider
Benefits
No Minimum Credit Score Required
With bad credit mortgages, you don’t usually need a specific minimum credit score to be considered. Lenders will also look at your income, outgoings and deposit size, so your overall financial picture matters just as much.
Get Onto the Property Ladder
One of the biggest advantages of a bad credit mortgage is that it still gives you the chance to buy a home even if your borrowing history isn’t perfect. This means you can work towards home ownership despite past financial issues.
Works Like a Standard Mortgage
Bad credit mortgages function in a similar way to regular mortgages, so you don’t have to worry about learning a completely new type of loan or repayment structure.
Considerations
Higher Interest Rates
To manage their risk, lenders may offer deals with higher interest rates, which could mean paying more over the life of the mortgage compared with someone with a stronger credit history.
Larger Deposits May Be Required
Lenders may ask you to put down a higher deposit to reduce their risk. This can mean spending longer saving before you can move forward with your purchase.
You May Need to Adjust Your Budget
When applying for a mortgage with bad credit, it’s important to show that you can comfortably afford the repayments. You may need to adjust your property budget or review your spending to improve your chances of approval.
Other Factors Still Matter
A poor credit history isn’t the only factor lenders look at, they also assess things like income stability and overall affordability, so strengthening these areas can help even if your credit score is less than ideal.
what our clients saying about us
At the end of my tether I was introduced to Sam from UKMC.
Previous advisors had failed to find me any deals worth looking at and I was feeling most despondent. Destined to continue paying waaaay too much for my mortgage.
Creative Director, TUX Creative Co
At the end of my tether I was introduced to Sam from UKMC.
Previous advisors had failed to find me any deals worth looking at and I was feeling most despondent. Destined to continue paying waaaay too much for my mortgage.
Independent Art Director
At the end of my tether I was introduced to Sam from UKMC.
Previous advisors had failed to find me any deals worth looking at and I was feeling most despondent. Destined to continue paying waaaay too much for my mortgage.
Creative Developer, Studio Gusto
Frequently asked questions
Got questions? Let’s answer them
Can I get a mortgage with bad credit?
Yes, it’s possible to get a mortgage with bad credit. Specialist lenders offer products designed to help people with lower credit scores secure a home, often with tailored terms like larger deposits or slightly higher interest rates.
How much deposit do I need for a bad credit mortgage?
Most bad credit mortgages require a larger deposit than standard deals. While the exact amount varies, preparing a deposit of 20–25% or more can improve your chances of approval.
Will a bad credit mortgage have a higher interest rate?
Yes, lenders typically apply higher interest rates to manage the risk of lending to someone with a poor credit history. However, you can often find competitive deals with specialist brokers who understand your situation.
Can I improve my chances of getting a bad credit mortgage?
Absolutely. Lenders will look at your overall financial situation, including income, savings, and outgoings. Maintaining a stable income, reducing outstanding debts, and saving for a larger deposit can all improve your approval chances.
What happens if I miss a payment on a bad credit mortgage?
Missing payments can further impact your credit rating. Lenders will work with you if you experience temporary financial difficulty, but it’s important to stay on top of repayments to avoid additional fees and protect your credit for future borrowing.
