Can I get a mortgage with bad credit?

You can get mortgages of you have had bad credit in the past or indeed have bad credit now.
Normally it means you need a larger deposit if you are buying a home or if you wish to remortgage it means you need to have a certain amount of equity in your property.
The mortgage lenders who lend in this area are called “sub-prime” or “adverse” lenders and they will charge you higher rates than what high street banks or building societies will charge you.
In almost every case you will need to speak with an Independent mortgage adviser to arrange this mortgage for you because many of these lenders do not deal with the public directly.
The amount rate charged will be dependent on how bad your credit is. For example, the worse your credit the more deposit you need and the higher the interest rate charged.
These lenders will not be able to help people in all instances so please get in touch with one of our experts to see if you qualify.