0800 197 0504

 0800 197 0504

 0800 197 0504

Bad credit mortgage

We’ve helped 1000s of customers with bad credit to get a mortgage

A bad credit history can be seen as a barrier when trying to get a mortgage. Clever Mortgages don’t see it this way and specialise in helping those with bad credit secure a mortgage whether you are looking at buying a house or remortgaging.

  • Even with a registered CCJ, Default, Missed Payment, DMP, IVA or Bankruptcy.
  • Many lenders will still loan to people with bad / poor credit
  • Mortgage, remortgage
  • Can also be considered for Help-to-Buy, Right-to-Buy and Shared Ownership

What is a bad credit mortgage?

There’s so much jargon when it come to finding a mortgage, that it can be overwhelming trying making sense of it all. A bad credit mortgage – also known as sub prime mortgages or adverse credit mortgages – are specifically for people who’ve got a bad credit rating. Finding a mortgage suitable for you, when you’ve got bad credit, may not be easy, but obtaining a mortgage, even with an extremely low credit score and defaults, is still possible.

You might have a few missed payments, had a CCJ (County Court Judgment) or may have even been made bankrupt. You might also be in, or have been in, a DMP (Debt Management Plan). These can all result in a bad credit score, limiting your finance options.

Bad credit mortgage FAQ

Bad Credit mortgages work well for people who are trying to get on the property ladder, but may have been refused a mortgage elsewhere because of their bad credit history. They are also suitable for homeowners or home movers whose financial situation has changed since taking out their previous mortgage.

These mortgages work in exactly the same way as a standard mortgage. The amount you borrow you will pay back to your lender in monthly instalments with interest added.

We can help and advise around how to get a mortgage with bad credit, even if you’ve got a CCJ, or have had an IVA, we might still be able to find the right deal for you.

Speak to an advisor if you have any questions.

One of the main differences with a bad credit mortgage, is that interest rates tend to be higher when compared to standard mortgages. You’re likely to have to put down a larger deposit too (between 15-30% of the total property value is typical), because bad credit customers are considered higher risk by lenders.

However, paying a mortgage consistently for a few years can improve your credit score. So in time, you might be able to remortgage with a standard lender at some point in the future.

We often get asked, can you get a mortgage with bad credit? The answer is dependent of your circumstances but usually yes you can.

If you have a poor credit history, there are a number of steps you can take to improve your chances of getting a mortgage. You might have heard that if you’ve had an IVA or have a CCJ it’s impossible to get on the property ladder, but that’s not always the case.

  • Give it time: blemishes on your record could be seen as less serious over time, especially if your financial situation has improved. Everyone can, in time, get a better credit score.
  • Consider your partner’s debt: buying with a partner will mean their credit history gets taken into account as well as yours
  • Be honest: mortgage lenders will conduct thorough searches, and trying to hide credit mistakes from the past will look bad.
  • Have an explanation for any misdemeanors in the past: lenders will be interested in why you got into financial trouble and what has happened since then.

Many people don’t know what their credit score is or how it works, but it’s actually the most important information about you when applying for any type of finance, mortgage or any bad credit mortgages. There are plenty of credit score myths out there:

For instance:

Myth ONE

The less debt you have the better: actually if a lender can’t see that you’ve paid off debt, they don’t know you’ll be consistent in your repayments to them.

Myth TWO

You don’t need to check your credit report for mistakes: check your credit report regularly! Experian found that nearly half of people have never checked theirs. People DO find mistakes, and they’re usually fixable and can  make a big difference to how lenders view your application.


There’s a credit blacklist: When you apply for credit you will be assessed on the information a lender has on you already, the details you put in your application and what it needs to confirm through your credit report.


Your credit score is impacted by previous occupants at your address: there is also uncertainty around whether an address effect your application for credit. In fact, an individual’s credit application can only be affected by someone else’s credit history if there is a financial association, such as a joint account with a partner.

When considering your mortgage  application, lenders tend to look not just at your credit rating, but also at the details of your credit history. The lender will look at exactly what happened, and the circumstances. A missed utility bill will be judged differently from a County Court Judgement, for example.

Debt Management Plans or IVAs

Under debt management plans, you come to an agreement with your creditor to repay a limited amount of your debt each month. Alternatively, you can seek out an individual voluntary agreement, or IVA, which allows you to make affordable payments towards your debt over the long term, often five to six years.

On your credit file, both IVAs and debt management plans are usually recorded as a series of defaults. Banks tend to look for your debt management plan to have been fully paid out, followed by 12 months of on-time payments, before considering offering a mortgage.  In the case of IVAs, you may need to wait substantially longer.

Read more on the types of bad credit, or speak to us for free initail advice.

  • No credit history
  • Low credit score
  • Late or missed payments
  • CCJ
  • IVA
  • DMP (Debt management plan)
  • Payday Loans
  • Bankruptcy

There’s a common misconception that mortgage companies will never lend to those with a poor credit history.

Though having a credit record less than perfect may reduce your options, there are plenty of options for those that have had difficulties in the past.

Clever mortgages have specialist brokers that deal with lots of people from all differnt financail backgrounds. We know the right lenders that are more likely to say yes to your current situation.

Speak with one of our brokers today to see how we could help you.

It’s usually possible to remortgage with bad credit and if your credit rating has gone up since the last time you took out a mortgage, but you’re still in the ‘bad credit’ category, it may be possible to remortgage with a high-street lender. Whether you’re able to secure a better rate will depend on your credit score, your income, your monthly out-goings (including any dependents), your property’s current value and the equity you hold in it.

For free initial advice from our qualified mortgage brokers about a mortgage with bad credit, call 0800 197 0504 or click below to request a callback at a time to suit you.

Case Study

We saved Mr H and Mrs H, almost £500 per month.

Mr H had finished an IVA but Mrs H was still in her DMP, they also had 3 other debts and wanted to consolidate all into one mortgage payment.  Combining both mortgage and secured loan would overall bring the interest rate down.

We managed to find the couple a low fixed rate of 2.10% which makes a real impact to what was the combined monthly repayments of £1,583 (mortgage £490, secured loan, £436, other debts, £657), lowering them to £1,098 – meaning they are making an impressive saving of £485 a month

Previous Mortgage£61,000£4901.25%
Previous Secured Loan£43,000£43610%
Previous Unsecured debts £44,320£657
New Mortgage£150,000£1097.672.10%

No obligation advice on Bad Credit mortgages

Watch our video on the mortgage application process

6 Great reasons to choose Clever Mortgages

Specialists in bad credit

Every member of our team is trained in bad credit situations and know how to find the right solutions for customers – helping them get the mortgage that’ll get them back on track.

Over 100 lenders

The number and quality of lenders we work with means we have access to a diverse spectrum of best-rate deals. The lenders we use means we have all areas covered – even for those in particularly niche circumstances.

Not every case is the same

As each customer’s situation is unique, we take the time to understand your situation, and we carefully assess your goals and how we’ll make sure the mortgage we get helps you to achieve them.

Access To Exclusive Rates

The relationship we have with our lenders means we have access to products and deals that simply aren’t available to customers going direct. This is true particularly for those in adverse credit situations.

Offering the best support

We know that buying or moving house and getting a mortgage is stressful, so we do our upmost to make the process as hassle-free as possible. We’re there for you at every step, always keeping you in the loop.

Offering the best support

We know that buying or moving house and getting a mortgage is stressful, so we do our upmost to make the process as hassle-free as possible. We’re there for you at every step, always keeping you in the loop.

Why use a mortgage broker for a bad credit mortgage?

Mortgage brokers can help you find the best deals on the market – not just from one lender. With a broker you’ll get:

  • Valuable knowledge, through years of experience helping customers to find mortgages
  • An improved chance at finding a mortgage, some mortgages are only available through a broker
  • Help with the application process, as usually just one application can be used across various lenders
  • Advice on how to improve your chances, for instance getting a guarantor or applying for a joint mortgage

About Clever Mortgages

We specialise in assessing an individual’s situation, and finding the right mortgage solution for them. We can help:

  • With remortgages, buy-to-let, and first-time buyers mortgages. We have experts who cover these areas
  • Even if you’ve got bad credit – we help people every day with a variety of credit histories to find the right mortgage
  • With applications, as we’ll take the hassle away. We require your details once and we’ll know the best lenders for your circumstance
  • Our team know the lenders that are most likely to say ‘yes’, and give you the best rates

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
  • One of our experts will give you a call to find out more about your situation
    We have experts in remortgaging, who focus solely on helping customers save money
  • We do all the hard work for you
    We search the market for the trusted lender that’s right for you
  • Our expert will get back in touch
    We can guide you every step of the way, and we’ll always keep you up-to-date with progress
Meet the team

Vicki Redley

Working closely with both the Mortgage Advisers and Administrators Vicky ensure the smooth progresson of the mortgage applications.

Call us on: 0800 197 0504

Below are some of the lenders we work with