Finding a mortgage can feel challenging if you have a poor credit history—but it’s not impossible. Many lenders offer solutions tailored for people with less-than-perfect credit. Here’s what you need to know if you’re considering a bad credit mortgage.
A bad credit mortgage is designed for borrowers who have had financial difficulties in the past, such as:
These mortgages often come with higher interest rates or require a larger deposit, but they can help you get on the property ladder.
Lenders assess risk based on your credit score and history. If your score is low, you may:
The good news? Improving your credit score and working with a broker can open up better deals.
They can be a stepping stone to home ownership, but it’s important to understand the costs and terms. Always seek professional advice before committing.
At South West Mortgage Brokers, we specialise in finding solutions for clients with challenging credit histories. We’ll guide you through the process and help you secure the best possible deal.
Ready to explore your options?
Contact us today for expert advice and a free initial consultation.
Independent & Whole-of-Market – We search the entire market to find the deal that’s truly right for you
Expert, Personal Service – Clear advice, no jargon, and support from your first call to completion.
Local Knowledge, National Reach – Based in Exeter, helping clients across Devon and the UK.
