Adverse Credit Mortgages

What is an adverse credit mortgage?

This type of mortgage is specifically designed to accommodate borrowers who may have experienced issues like late payments, defaults, bankruptcies, or County Court Judgments (CCJs), making it challenging for them to qualify for a standard mortgage.

It's important to note that adverse credit mortgages typically come with higher interest rates and fees, reflecting the higher risk to the lender. Borrowers considering this type of mortgage should be aware of the cost implications and seek professional advice to understand their financial situation better.

Where can I check my credit score?

Are you concerned about your credit score? Check it right now and see if your financial plans could be affected by a low credit score.  Our handy checker combines the four top credit checking agencies to provide an accurate report on your credit score.

There are also ways that you can help to increase an adverse credit score:

• Reducing the amount of credit card balances you have.
• Being registered on the electoral roll.
• Having an extended period without any bad marks on credit reports (eg: a missed payment in the most recent 6 months will have a far greater impact than one 2 years ago).
• Clearing a credit card regularly to show that you can borrow sensibly. (Please note that it can be risky to make any credit application before looking to apply for a mortgage or other lending).