At GHL Direct, we can help you get approved for a mortgage, even if you have a history of missed payments, defaults, or bankruptcies. We work with lenders who specialize in adverse credit mortgages who may be able to approve you for a mortgage, even with your bad credit history.
Need a mortgage but have bad credit?
You’re in the right place. We're specialist bad credit mortgage brokers who make mortgages possible for people with bad credit, just like you.
BOOK MY FREE MORTGAGE CALL
Mortgage with bad credit
Having bad credit shouldn’t prevent you from applying for a mortgage. Let us handle the mortgage search, application, and everything in between.
What our customers are saying
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"Just an amazing person. Very helpful and considerate especially with the recent mortgage rate spike. Worked hard to find me the best rate."
Krishma Kaur
via reviews.co.uk
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"Approachable, friendly, also happy to give you advice and goes the extra mile to get the work done."
Alison Jones-Munro
via reviews.co.uk
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"Excellent service, prompt feedback and great advice on the mortgage offers available at the time."
Richard Popple
via reviews.co.uk
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"Very helpful during the process and always quick to respond to any problems I ran into."
Liam Hawksworth
via reviews.co.uk
Get a mortgage with bad credit
01.
Schedule your free quote
30 seconds is all it takes to schedule your free call with an specialist mortgage advisor. We’re here for you.
02.
Find a mortgage
We’ll tell you how much you can borrow and how much mortgage you can comfortably afford.
03.
Apply for a mortgage
We handle the entire mortgage process , from searching for the best deals to securing exclusive mortgage rates.
Weekdays available from 8am – 8pm
We do weekends too
Saturday – Sunday from 9am – 6.30pm
Face-to-face, over the phone or video chat
Mortgage Advice
Are you struggling to get approved for a mortgage because of your adverse credit history and worried you'll never be able to buy a home?
Don’t let bad credit stop you from owning your own home. Find out how likely you are to be accepted for a mortgage before you apply.
Specialists in bad credit mortgages
- Defaults, low credit score & CCJs accepted
- Get the mortgage you can afford and qualify for.
- Fast application processing – We know how to get a mortgage
Adverse credit mortgages
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What is a bad credit mortgage?
Bad credit mortgages or adverse credit mortgages is a type of mortgage designed for borrowers with a poor credit history. They typically have higher interest rates and stricter lending criteria compared to regular mortgages.
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Do I need an adverse credit mortgage?
It’s certainly possible to qualify for a mortgage with bad credit, but it’s much harder than it would be with perfect credit. Whether or not you get approved for a mortgage can be determined by the type of credit problems you have on your file. A lender will want to know the cause of the problem, how long it’s been going on, and what you’ve done since then to improve your credit.
You may need to explain your credit history if you have any of the following on your credit report:
– Bankruptcy
– County Court Judgements (CCJs)
– Debt Management Plans (DMPs)
– Defaults
– IVA
– Late payments -
Can I get a mortgage with bad credit?
It depends on your specific circumstances. Factors like the severity of your credit issues, your income, and your employment history will all play a role. Checking your credit score and speaking with a specialist mortgage broker from GHL Direct can help you determine your eligibility.
We try to help first-time buyers, people remortgaging, home movers and buy to let landlords apply for a mortgage with bad credit. We know the lenders likely to approve your mortgage application so you can feel confident the lender you select is going to approve your application.
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How much can I borrow with a bad credit mortgage?
With adverse credit mortgages, the amount you can borrow will depend on your credit score, income, and the lender’s criteria. Generally, you can expect to borrow less with a bad credit mortgage than with a regular mortgage.
Don’t worry, your not alone. Our bad credit mortgage advisors are here to explain everything and find you the right mortgage for your circumstances.
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Applying for adverse credit mortgages
What information do I need to provide? You’ll need to provide your income and employment details, bank statements, and details of your credit history. Be prepared to explain any negative marks on your credit report.
How much can I borrow? The amount you can borrow will depend on your credit score, income, and the lender’s criteria. Generally, you can expect to borrow less with a bad credit mortgage than with a regular mortgage.
What kind of deposit will I need? Bad credit mortgages typically require larger deposits than regular mortgages. Expect to put down at least 15-20% of the purchase price, and potentially more depending on your circumstances.
What are the interest rates like? Bad credit mortgages come with higher interest rates than regular mortgages. The exact rate will depend on your individual circumstances, but expect to pay several percentage points more.
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What questions should I ask my mortgage advisor?
Here are some questions you can ask your mortgage adviser:
– How much can I borrow?
– What type of mortgage is best for me?
– What are the interest rates and fees?
– What are the monthly repayments?
– What happens if I can’t afford to make my repayments?
– What are the pros and cons of different mortgage products?
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
GHL Direct is a trading style of GHL Network Services Ltd which is an Appointed Representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Will Writing, EPC Products & Conveyancing are not part of the Openwork offering and are offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. Will Writing, EPC Products & Conveyancing are not regulated by the Financial Conduct Authority.
Approved by The Openwork Partnership on 30/01/23