Adverse Credit Mortgages

An adverse credit mortgage is a term used in the industry to describe a home loan offered by specialist lenders who arrange loans for people who are looking to own their own home but have a history of bad credit, or perhaps are being discriminated against due to a single severe adverse credit event. These applicants will typically have been declined by mainstream high street lenders, who prefer to only deal with people with clean credit records.

As every adverse credit lender has their own individual criteria for lending and methods to assess applicants, the nature and the level of adverse credit will determine which lenders are available to you and in turn the interest rates applicable. Other contributing factors such as the type of mortgage and the loan to value (commonly referred to as LTV) ratio – the amount you want to borrow in relation to the value of the property – can also determine the options on offer.

Due to the complexity of these products, and the fact that most specialist lenders chose to only accept applicants via a trusted intermediary, many applicants look to use the services of a specialist adverse credit mortgage broker such as ourselves  to obtain their mortgage.  We have access to a broad range of lenders and products and will use our knowledge to help you purchase your home or for those perhaps unable to proceed at the time we can assist in putting a plan together to improve your chances for the future.

Please remember all cases are different.