Compare bad credit mortgages
What type of mortgage are you looking for?
Mansfield 2 year discount remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £800.14 at 3.49% (discount), then 276 months of £978.62 at 5.6% (variable). Total amount payable £290,500.48 which includes interest of £129,302.48. Application Fee (£199) paid upfront (non-refundable). Completion Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Max age at term end: 85 years
Number of CCJ's: 1
Remortgage only.
Available via brokers only.
Additional criteria may apply.
Mansfield 2 year discount remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £800.14 at 3.49% (discount), then 276 months of £978.62 at 5.6% (variable). Total amount payable £290,500.48 which includes interest of £129,302.48. Application Fee (£199) paid upfront (non-refundable). Completion Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Max age at term end: 85 years
Number of CCJ's: 1
Remortgage only.
Available via brokers only. Area restrictions may apply.
Additional criteria may apply.
Loughborough 2 year fixed
Repayment mortgage of £160,000 over 25 years, representative APRC 5.3%. Repayments: 24 months of £800.14 at 3.49% (fixed), then 276 months of £977.73 at 5.59% (variable). Total amount payable £289,056.84 which includes interest of £129,056.84. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Max age at term end: 80 years
Number of CCJ's: 3
Available via brokers only.
Additional criteria may apply.
Hanley Economic Building Society term discount shared ownership
Repayment mortgage of £160,000 over 25 years, representative APRC 3.6%. Repayments: 300 months of £808.74 at 3.59% (discount). Total amount payable £242,622.00 which includes interest of £82,622.00. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Number of CCJ's: 5
Available in branch only.
Additional criteria may apply.
Mansfield 2 year discount remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £813.06 at 3.64% (discount), then 276 months of £979.68 at 5.6% (variable). Total amount payable £290,904.12 which includes interest of £129,905.12. Completion Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Max age at term end: 85 years
Number of CCJ's: 1
Remortgage only.
Available via brokers only.
Additional criteria may apply.
Mansfield 2 year discount remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £813.06 at 3.64% (discount), then 276 months of £979.68 at 5.6% (variable). Total amount payable £290,904.12 which includes interest of £129,905.12. Completion Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Max age at term end: 85 years
Number of CCJ's: 1
Remortgage only.
Available via brokers only. Area restrictions may apply.
Additional criteria may apply.
Loughborough 2 year fixed
Repayment mortgage of £160,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £817.39 at 3.69% (fixed), then 276 months of £979.14 at 5.59% (variable). Total amount payable £289,860.00 which includes interest of £129,860.00. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Max age at term end: 80 years
Number of CCJ's: 3
Available via brokers only.
Additional criteria may apply.
Penrith Building Society 3 year discount
Repayment mortgage of £160,000 over 25 years, representative APRC 4.7%. Repayments: 36 months of £822.61 at 3.75% (discount), then 264 months of £902.98 at 4.75% (variable). Total amount payable £269,298.68 which includes interest of £108,000.68. Application Fee (£299) paid upfront (non-refundable). Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Available Direct.
Additional criteria may apply.
Metro Bank 5 year fixed cashback remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 4.2%. Repayments: 60 months of £826.10 at 3.79% (fixed), then 240 months of £859.78 at 4.25% (variable). Total amount payable £256,912.20 which includes interest of £95,913.20. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Remortgage only.
Available in branch only.
Additional criteria may apply.
Metro Bank 5 year fixed
Repayment mortgage of £160,000 over 25 years, representative APRC 4.2%. Repayments: 60 months of £826.10 at 3.79% (fixed), then 240 months of £859.78 at 4.25% (variable). Total amount payable £256,912.20 which includes interest of £95,913.20. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Available in branch only.
Additional criteria may apply.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
If you have a poor credit score but wish to buy a house, you may be able to do so by looking at bad credit mortgages.
Interest rates on bad credit mortgages are higher than standard mortgages and you usually need a larger deposit, but they can help you to get on the property ladder.
Can I get a mortgage with bad credit?
You may not have a perfect credit score but it is possible to get a mortgage with bad credit. A bad credit mortgage is a loan to buy a house aimed at those who have poor credit scores.
There are many reasons why your credit score may have been damaged, from missed credit card payments to relationship breakdowns. Mortgage providers recognise this, and thus offer bad credit mortgages – however, they are generally more expensive than standard mortgages and require a bigger deposit.
Applying for a mortgage with credit problems
Your options are more limited if you have a poor credit score. Usually, you can’t apply for a government mortgage scheme, such as Shared Ownership or Help to Buy. If you’ve been made bankrupt in the past six years, you also may find it more difficult to apply for one of these mortgages unless your credit file is now clean.
With a bad credit mortgage, applicants still need to show they have a steady income of typically £15,000 or more a year. Usually, they also need a deposit of at least 15% or more of the property value.
Building your credit score before applying for a mortgage
There are many ways to improve your credit score, and it might be worth trying to do this before you apply for a mortgage. With a better credit score, you have a wider range of options when it comes to mortgages and your costs are lower.
Some methods of improving your credit score are quick, such as making sure you are registered to vote and checking your report for errors. Others take longer, such as making sure you always make all payments on time and waiting for past mistakes to be excluded.
What’s the lowest credit score you can have to get a mortgage?
Your credit score is a number that determines what kind of borrower you are. There isn’t a set score you need to achieve to be approved for a mortgage.
This is because each mortgage lender has its own system to decide if they want to lend to you. When you apply for a mortgage, a provider looks at your report and decides if it thinks you will be able to repay a mortgage. This is based on different factors, including your credit history.
However, a credit score isn’t the only thing lenders look at. You also need to show how much your regular income is and any other outgoings you have. This is used to decide if you could afford a mortgage and how you would pay for it if your circumstances changed.
Bad credit mortgages FAQs
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