Yes. It is possible for you to get a mortgage with a low credit score. However, there may be fewer lenders out there who are willing to agree to offer you a mortgage deal. You could also be facing higher interest rates and monthly mortgage repayments as a result.
Alternatively, a much larger deposit amount may be needed. Lenders will also consider your overall financial circumstances, credit history, affordability, deposit and any missed payments, defaults or CCJs when assessing your mortgage application.
If you have bad credit and are looking for a mortgage, then hire the help of a mortgage broker. They have the skills and experience needed to put together robust mortgage applications on your behalf, following the process through from beginning to end. With exclusive access to a range of mortgage products on the market, we’re best placed to help you with bad credit mortgages.
