Bad Credit Mortgage FAQs | Common Questions Answered

Can I get a mortgage with bad credit?

Yes, it's possible. Many specialist lenders consider applications from people with bad credit, including CCJs, defaults, and missed payments. What's often more important to them is how you've conducted your credit file before and since those issues occurred. We work with lenders who understand that life doesn't always go to plan and can often find realistic options even when high-street banks say no.

What is a CCJ and will it affect my mortgage?

A CCJ (County Court Judgment) is a court order for unpaid debt. It can affect your credit score and how lenders view your application. However, it doesn't automatically mean you'll be declined. Some specialist lenders are more understanding, especially if the CCJ is old, settled, or was due to circumstances beyond your control. We can help you understand how it may impact your options.

Do I need a perfect credit score to get a mortgage?

No. A perfect credit score is not required. Specialist lenders assess your full financial picture including your income, affordability, employment, and credit history. Many people with imperfect credit still get approved for a mortgage. What matters is finding the right lender for your specific situation.

How much deposit do I need for a bad credit mortgage?

Deposit requirements vary depending on the lender and the severity of your credit issues. In many cases, you may need a higher deposit than a standard mortgage - often 15% or more. However, some lenders are more flexible. We'll look at what's realistically available based on your circumstances.

Can I get a mortgage after bankruptcy or IVA?

Yes, it's possible in some cases. Some specialist lenders consider applications from people who have been through bankruptcy or an IVA, especially once a certain amount of time has passed and your financial situation has improved. Every case is different, so we'll look at your full circumstances and advise you honestly on what options may be available.

Will I be rejected if I've been declined before?

Not necessarily. Being declined by one lender doesn't mean all lenders will reject you. Different lenders have different criteria, and some are more understanding of complex credit histories. We can help match you with lenders who are more likely to consider your situation.

How long does the mortgage process take?

It varies depending on your situation and the lender. In many cases, we can have a mortgage offer within a couple of weeks, but this can take longer depending on how quickly we receive your documents, the lender's current workload, and how complex your case is. Once we have an offer, the rest of the process can take a few more weeks. We'll keep you updated throughout and do our best to keep things moving as smoothly as possible.

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