Bad credit mortgage

How to get a mortgage with bad credit

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Getting a mortgage with bad credit

If you are struggling to get your application approved, it is still possible to get a mortgage with our help. Watch our video to discover how we could assist you!

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Can I get a mortgage with bad credit?

A bad credit mortgage helps people with adverse credit or a low credit score to buy a property. You will generally need to use a specialist mortgage lender and pay a higher interest rate. But if you have a large deposit or a good income, you may be able to obtain a more competitive deal.

Specialist mortgage lenders are more flexible than High Street lenders and base their decisions on the age, gravity, and cause of your credit issues. By seeking advice from a bad credit mortgage broker like Fosters Financial, it is possible to obtain a mortgage, even if you have been declined in the past.

Our brokers know each lenders’ criteria and can help you to avoid having any declined applications on your file. We only apply for a mortgage on your behalf, if we think you have a good chance of being accepted. And, if we cannot help you, we will tell you how you can improve your chances of being accepted in the future.

Ready to move forward with your plans? Get in touch and speak to one of our experts or request a free quote here today!

Mortgages for bad credit UK

If you have had missed payments, defaults, CCJs, payday loans, IVAs, or been made bankrupt in the past six years, it is still possible to get a mortgage. You may need a larger deposit and have to pay a higher interest rate. But if you keep up your repayments, you should be able to remortgage to a better deal when your current product expires.
Remortgaging with bad credit

If you had any financial difficulties since obtaining your mortgage, your options will generally be more restricted. But remortgaging with bad credit is certainly possible with our help.

Similarly, if your current mortgage is with a specialist lender and your credit rating has improved, we can help you see if it is possible to remortgage with a High Street lender.
Bad credit first time buyer mortgage

If you are applying for your first mortgage, you will automatically be considered a risk to lenders. But if you also have bad credit and are struggling to save a deposit, your options will be restricted.

A bad credit mortgage broker like Fosters Financial, can however help you to secure a first time buyer mortgage with adverse credit. They work closely with several specialist mortgage lenders who will gladly review your application.
Shared ownership mortgage bad credit

The Shared Ownership scheme was introduced by the government to help people who cannot afford to buy a home to purchase a share in one.

Securing a shared ownership mortgage with poor credit can be difficult. But whole market mortgage brokers like Fosters Financial, have access to a range of adverse mortgage lenders, who would be willing to consider your application.
Right to buy mortgages with bad credit

Having CCJs, defaults or missed payments can make obtaining a Right to Buy mortgage difficult. But there are a growing number of specialist mortgage lenders who will take the time to look at your file, before making their assessment.

If you meet their criteria, they should be willing to lend to you which a right to buy mortgage broker like Fosters Financial can help you with.

Bad credit mortgage lenders

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We have helped hundreds of people just like you!

Excellent advice and service We received excellent advice and service from our broker Liz and from Zoë our case handler. Communication was brilliant from the get-go. Liz went above and beyond to get us the mortgage that suited us best. We feel very lucky to have had her in our corner. Zoë navigated us through the application process and within a super quick time we had the mortgage to buy our dream house. Thank you Fosters, we will use you again.

BPC, sudburyHC

2021-06-18

Excellent service throughout my dealings with them , the adviser was very professional, and helpful and things were done in timely manner. Good company, I will definitely recommend them.

Mrs R

2021-06-15

Amazing support throughout the process Joanna has been amazing throughout. Really supported where others have failed and kept me fully upto to date throughout. Will definitely use again in 2 years time

Andy Corbett

2021-06-09

AMAZING TEAM OF PEOPLE As a first time buyer I had no idea where to start from so I spoke to a few brokers. Whilst those brokers were good, you guys at Forster's Financial are the best. Tara I cannot thank you enough for your patience and dedication. You understood my awkward working pattern and always accommodated me. I'm so grateful to you all for making the whole process of mortgage and insurance application as stress free as it could be. You took the time to research the market and found me the best deal which suited my needs. I couldn't have asked for a better service. Many thanks to you Tara, Gemma, Carrie and Travis...you are simply the BEST!!

Sheila Morton

2021-06-07

When we decide to move house we wanted to port our existing morgage, this was proving more difficult than we thought and we need some professional guidance. We got in touch with Fosters Financial where Jonathan and Connor took on our morgage port, I can't recommend these guy's enough, they have been professional, honest and determined from day 1. Jonathan also helped my 23 years son with his first morgage, which again is so difficult for our younger generation. If you are reading this I promise you don't need to look any further you have already found the best!

Maria

2021-06-06

EXCELLENT SERVICE Worked with Joanna and Zoe on 3 different transactions, a Buy to let, Let to buy and a residential purchase. The service we received was excellent, quick responses even on weekends and late in the evenings Joanna worked tirelessly to get us the best deals with really good interest rates that we did not expect. Joanna held our hands through the whole process, explaining all stages. Joanna is very organised and efficient which made the process much easy and quick. Joanna searched the market for competitive rates for us which saved us a lot of money and reduced our monthly mortgage payments. We would recommend Joanna to anyone looking for an excellent service and good rates.

A S Hewitt

2021-06-03

Great service, Joanna and Gemma for the win! I received a great service from Fosters Financials. Joanna especially was a great help from the get-go and managed to secure me a mortgage offer that no other broker even came near to. Really impressed throughout and would 100% recommend. Thanks again guys!

Seyi

2021-06-02

Joanna went above and beyond her role and was exceptional Our experience with Fosters was an extremely positive one. Our broker was Joanna who went above and beyond her role. Joanna took us step by step through our illustration and all the costs involved, allowing us to ask questions without feeling like we were asking stupid questions. Joanna had an exceptionally clear and concise way of explaining complicated "jargon" making documents extremely easy to understand. We did have a couple of hiccups along the way not created by Joanna or Fosters. However, Joanna was fully on board to do everything she could to push things through for us and to listen to our frustrations and share them while reassuring us when we were concerned. Joanna realised how time senstive our case was and put this at the forefront when dealing with it. Keeping us informed every step of the way, updating us about how our case was progressing - giving us timescales of how long each process took. Now we have been offered a mortgage and I don't think we would have gotten to this stage without Joanna's expertise and efficiency. We really want to thank Joanna and also would like the higher team to know how valuable she is to your team and your organisation as a whole - I would love it if she was overseeing every part of the application process. Thanks very much Joanna!

Craig Maxwell

2021-05-31

Tara and Gemma have been so helpful and informative throughout my whole process. Being a first time buyer I have obviously had loads of questions as I have no idea what I'm doing! Having also spoken to several advisors, I chose to stick with Tara as she explored every avenue and explained what may work for me before I had even had an offer accepted on a property and she kept in touch throughout my viewing process without making me feel too smothered. Thank you so much Tara and Gemma!!

Abigail Weightman

2021-05-28

Jonathan has been been fantastic with the service he has provided. He was really helpful with my mortgage application and I am so grateful for all his help!