Adverse Credit Mortgages – Get the Right Mortgage, Even with Credit Challenges
Can You Get a Mortgage with Bad Credit? Yes, You Can!
If you have a poor credit history, missed payments, or past financial difficulties, you might assume that securing a mortgage is impossible. Many high street lenders automatically decline applications based on credit scores, making it challenging for people with CCJs, defaults, late payments, IVAs, or bankruptcy to get approved.
At Mather & Murray Financial, we specialise in helping clients with adverse credit find mortgage solutions tailored to their situation. Whether you've had a missed credit card payment or a more serious financial setback, we work with lenders who assess applications on a case-by-case basis rather than just relying on credit scores.
We believe everyone deserves a second chance—and the right mortgage to rebuild their financial future.
What is an Adverse Credit Mortgage?
An adverse credit mortgage, also known as a bad credit mortgage or subprime mortgage, is designed for people who have experienced financial difficulties in the past. These mortgages are available through specialist lenders who take a more flexible approach to assessing affordability.
Unlike traditional high street banks, these lenders consider your full financial situation, not just your credit score.
You may still qualify for a mortgage if you have:
✔ Missed or late payments on loans, credit cards, or utilities
✔ Defaults on unsecured debts
✔ County Court Judgments (CCJs)
✔ Debt Management Plans (DMPs)
✔ Individual Voluntary Arrangements (IVAs)
✔ Bankruptcy (discharged)
✔ Repossessions in the past
While adverse credit mortgages may have slightly higher interest rates, they offer a valuable opportunity to get back on the property ladder or refinance to a better deal.
How to Improve Your Mortgage Chances with Adverse Credit
If you have bad credit, securing a mortgage requires careful planning. Here are some key steps to improve your chances:
1. Check Your Credit Report
Before applying, review your credit history with Equifax, Experian, or TransUnion. Identifying errors or incorrect entries could help improve your score.
2. Save for a Larger Deposit
Most bad credit lenders require at least a 10–15% deposit, though the larger your deposit, the better the mortgage rates you can access.
3. Demonstrate Financial Stability
Lenders prefer applicants with stable income, regular savings, and minimal outstanding debt. If you can show strong affordability, lenders may overlook past credit issues.
4. Consider a Specialist Lender
Many high street banks automatically reject bad credit applications, but specialist lenders take a more flexible approach. Working with an independent mortgage broker gives you access to lenders who consider individual circumstances rather than just a credit score.
5. Provide a Strong Application
Supporting documents such as bank statements, proof of income, and a detailed explanation of past credit issues can help strengthen your mortgage application.
Types of Adverse Credit Mortgages We Can Help With
1. First-Time Buyer Mortgages with Bad Credit
If you’re a first-time buyer with bad credit, there are specialist lenders who can help. Some lenders only require one year of clean credit history, while others will consider applicants with active CCJs or defaults.
2. Remortgaging with Bad Credit
If you already own a home but struggle with high repayments or need to consolidate debts, remortgaging to a bad credit lender may help reduce your monthly payments or access extra funds.
3. Buy-to-Let Mortgages for Bad Credit Borrowers
If you’re an investor or landlord with credit issues, specialist lenders offer buy-to-let mortgages that consider rental income rather than just personal credit history.
4. Self-Employed Mortgages with Bad Credit
Being self-employed with bad credit can make mortgage approval more challenging. However, lenders who specialise in self-employed applicants can offer flexible options based on business accounts, SA302s, or contract income.
How Mather & Murray Financial Can Help
✔ Independent Mortgage Experts – We search the whole market to find the best bad credit mortgage deals.
✔ Access to Specialist Lenders – Many lenders we work with do not credit score and assess applications individually.
✔ Tailored Advice for Your Situation – Whether you’ve had CCJs, IVAs, or missed payments, we can help.
✔ Support from Start to Finish – From application to approval, we guide you through the process.
✔ Local & Nationwide Service – Meet us in person at our Swindon head office or arrange a virtual consultation.
Even if you’ve been turned down by a bank, we may still be able to help.
Frequently Asked Questions About Adverse Credit Mortgages
1. Can I Get a Mortgage If I Have a CCJ?
Yes, some lenders accept CCJs, especially if they are over 12 months old or below £1,000.
2. How Long After Bankruptcy Can I Get a Mortgage?
Most lenders require at least 12 months from discharge, though more options become available after two or more years.
3. Will I Pay Higher Interest Rates If I Have Bad Credit?
Yes, rates may be slightly higher, but over time, you can improve your credit and remortgage to a better deal.
4. What Deposit Do I Need for a Bad Credit Mortgage?
A minimum 10-15% deposit is typical, though larger deposits (20-25%) can unlock better rates.
5. Can I Get a Mortgage If I Have a Debt Management Plan (DMP)?
Yes, some lenders accept applicants with active or settled DMPs, especially if they have been managed well.
Take the First Step – Speak to an Adverse Credit Mortgage Specialist Today
If you have bad credit but want to buy a home, remortgage, or invest in property, the right mortgage is still within reach.
At Mather & Murray Financial, we specialise in helping people with adverse credit find mortgage solutions that work for them. Even if you’ve been declined elsewhere, we may still be able to help.
Book a Call Back Today and explore your mortgage options.
