I have a really bad credit score, can I get a mortgage?
Everything you need to know about the mortgage options that are available to you when you have a bad credit score.
Can I get mortgage with bad credit?
The simple answer to this question is yes, it is still possible to get a mortgage with a bad credit score.
Having a good credit score means more lenders will be an option to you and you will have more choice from the products on offer. However, having a poor credit score does not mean there are not still options out there.
Your mortgage repayments may be more expensive and you may also require a larger deposit. However, there are also specialist mortgages that are designed specifically for you if your credit history is not great.
Every mortgage application is unique, which means it’s always best to get in touch and speak to your broker directly about your circumstances. Every credit score has a history and a mortgage broker like us can help you to understand your score and the options available to you.
As an independent mortgage advisor we have access to the entire market, so we can easily search the bigger and smaller banks and lenders that may have a product suitable for you.
Most importantly we are always on hand to offer you advice on how you can improve you credit score, if you are looking for a more long term approach to buying a property.
Either way we’re always here to chat things through and have a team of dedicated mortgage advisers to assist you. Get in touch with us today!