If you have poor credit, don't give up on buying.
Let Green & Green help you in obtaining a mortgage.
Bad Credit Mortgage Advice
If you have a poor credit rating, trying to get a mortgage can feel like an uphill battle. It can feel like every lender needs you to have a great credit score before even considering you for a mortgage.
But it’s not impossible.
We’ve helped lots of people with less-than-perfect credit histories find the right mortgages.
Doesn’t matter what’s caused your poor credit score. We can give you some practical, helpful advice and help you figure out the best option.
Book yourself a free, no-obligation chat and we’ll see if we can get you on the road to homeownership.
What is a bad credit mortgage?
A bad credit mortgage (sometimes called a subprime mortgage) is one that’s specifically designed for people with a poor credit rating. They’re to help people who’ve maybe struggled with things like missed payments, defaults or even bankruptcy get onto the housing ladder.
There are some downsides to getting a bad credit mortgage. Because there’s more risk for the lender, they usually come with higher interest rates and might need a bigger deposit.
But even taking that into account, getting a mortgage and paying towards owning your own home can still make more sense than paying rent.
*Your home may be repossessed if you do not keep up repayments on your mortgage*
How can Green & Green help me get a mortgage with bad credit
We’ll always start with a conversation. We’ll have a proper chat about what kind of home and mortgage you’re hoping to get.
We’ll also need to ask you about your credit history, and why you have a poor rating. This is really important because it’ll help us to see what kind of mortgage you might qualify for, and what kind of deals you might get.
It’s also the same kind of thing that lenders will want to know.
Once we’ve figured that out we’ll go to our network of lenders to find the best deals for you. We’ll balance different factors, including interest rates, monthly payment amounts and deposit requirements to find the best option for you.
Then we’ll explain them to you, in plain English so you can make an informed decision which is best for you.
Once you’ve picked a mortgage deal, we’ll support you through the whole application process. We’ll help you keep on top of the paperwork, and make sure everything is filled in correctly and submitted in good time.
We’ll make the process as quick and easy as it can be.
Why choose Green & Green?
We get that your situation is unique. There’s no one-size-fits-all solution for finding a poor credit mortgage.
But we also know the market. We know which lenders like to work with which kinds of bad credit history, and where you’re most likely to get the best deal.
And, we work with a wide network of lenders, including a good few who specialise in bad credit mortgages. That means we can find options that you might not be able to get directly.
Our job is to get you the right mortgage, and get you into your new home as quickly and easily as we can.
No need to take our word for it
Want to hear it straight from the horse’s mouth? Check out some of the things our happy clients have said about us.
Highly recommend
An extremely smooth process from start to finish (which we did not have in previous years when sorting our mortgage) he always goes above and beyond to ensure a fast and efficient service. James is really helpful, approachable and an absolute professional, ensuring things are done in the most cost effective way to suit your needs. Very very pleased and will definitely be using him again for future advice.
George Lawler
I could not find the words to express how fantastic James has been.
We've had very difficult and stressful circumstances James has worked tirelessly to get us the best deal in record time. Contact has been professional and informative and James has reassured us at many stressful points along the way. I will definitely be recommending Green and Green and will use again.
Jenny Palmer
Ready to find out more?
If you’re ready to take the first step on your mortgage journey, fill in our contact form and book yourself a free, no-obligation consultation. We’ll get the kettle on.
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Frequently asked questions about bad credit mortgages
Can I get a mortgage with bad credit?
Absolutely you can get a mortgage with bad credit. The application process could be trickier, and you might have to accept higher interest rates. But, many lenders offer mortgages specifically for people with poor credit histories.
What kind of deposit do I need?
You might need a larger deposit compared to a standard mortgage. This is usually around 15-30% of the property’s value, depending on the lender and your specific situation.
Will my interest rate be higher with a bad credit mortgage?
Interest rates for bad credit mortgages tend to be higher than standard rates due to the increased risk to lenders. However, finding a competitive rate isn’t impossible, and we can help you find the best options.
Can I improve my chances of getting a mortgage with bad credit?
There are a few steps you can take to improve your chances, like paying off existing debts, avoiding new credit applications, and making sure you’re on the electoral roll.