Low credit score mortgages
Did you know, you can still take out a mortgage even if you’ve got a low credit score or no credit score
Free initial advice for all mortgages
- Applications based on the person not a score
- 95% mortgages available to purchase a property
- 90% remortgage available
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
We secured a mortgage a couple with a low credit
Securing a mortgage for the couple with a low credit score
Mr and Mrs D were a couple of first-time buyers struggling to find a mortgage as they had low credit scores and previous defaults. They’d already been declined by a high street bank and weren’t sure if they’d be able to get onto the property ladder.
With Clever Mortgages they were able to:
- Use 100% of their Universal credit and child benefit alongside their income
- Take out a first-time buyer mortgage with a high street bank
- Secure a fixed rate of 2.18% even though they had a poor credit history
- Ensure financial stability with a good rate and low payments for two years
- Start rebuilding their credit score
We helped them by securing them a first-time buyer mortgage with another high street bank, which is helping them rebuild their credit scores. They now have an affordable mortgage with a fixed-term which is covered by their income and benefits. This has provided them with the security of a new home with low payments for two years.
| Balance | Payment | Rate | Product | Term | |
|---|---|---|---|---|---|
| New mortgage | £139,500 | £528.27 | 2.18% | 2 year fixed rate 90% LTV | 30 years |
New Mortgage
| Balance | £139,500 |
| Payment | £528.27 |
| Rate | 2.18% |
| Term | 30 Years |
Remortgage Calculator
Get an instant indication of what your payments for a remortgage could be. Remortgage calculators are invaluable when you’re looking for a new deal. You can enter a few pieces of information to see your options. Your property price, the mortgage amount you need, and the term you’re looking to borrow over are all vital.
Remortgage Calculator
Current mortgage details
Summary
Your current monthly payment should be (based on the information you have entered)
£{{ !isNaN(current_repayment_basis) ? current_repayment_basis : 0 | currency }}
(repayment basis)
New mortgage details
Summary
Your new estimated monthly payment could be
£{{ new_estimated_monthly_payment | currency }}
Additional cost £{{ new_estimated_monthly_payment - current_repayment_basis }}
Monthly savings £{{ current_repayment_basis - new_estimated_monthly_payment }}
Representative Example:
Mortgage amount £170,995 (including £995 lender fee), 64 payments of £748.30 at a fixed interest rate of 2.28%, followed by 236 payments of £889.60 at a variable rate of 4.24%. Over a term of 25 years, giving a total amount payable of £258,861 at an APRC of 3.6%. The contract will be secured against your property.
We help people with bad or poor credit get mortgages and remortgages
There are many reasons why you may want to consider a remortgage, even if you have bad credit. You may just need a better interest rate, which could save what you pay each month. Perhaps you wish to raise additional funds to consolidate debts or make improvements to your home.
Low Rates
We have access to marketing leading rates
Bad credit experts
We are specialists in all kinds of Bad Credit
Great service and fast!
We work fast to get you an answer
Why use Clever Mortgages?
Mortgage brokers can help you find the best deals on the market – not just from one lender.
What should I do next?
You enquire online with us today or request a call back
Our simple form takes a couple of minutes to fill in, this gets the ball rolling
