Struggling With Bad Credit? You Can Still Get a Mortgage
Getting a mortgage with adverse credit is not impossible, it just depends on the detail. Missed payments, defaults, CCJs, or even more serious issues do not automatically mean rejection. What matters is what happened, how recent it was, and how things look now.
We help people who have had a rough patch with money and need a realistic route forward. Specialist adverse credit mortgage lenders look beyond your credit score and assess the full picture, which is where the right approach makes all the difference. Lenders will look closely at how recent the issue was, how severe it was, and how your finances have been managed since.
In many cases, this does mean putting down a larger deposit, often starting from around 15% depending on the situation, but it opens up options that most people do not realise are still available.
As a leading adverse credit mortgage broker, we can help you understand what is possible and guide you through it, without any pressure or judgment. We are proud to have helped many hundreds of clients just like you. It is not about having a spotless credit record, it is about finding a way forward, and we will work through it together.
What Counts as Adverse Credit for a Mortgage?
Adverse credit can mean different things depending on the situation, but lenders will usually be looking at things like:
- Missed or late payments
- Defaults
- County Court Judgments (CCJs)
- Debt management plans
- Individual Voluntary Arrangements (IVAs)
- Bankruptcy or previous repossession
Some of these are more serious than others, and the impact depends on how recent they were and how they have been handled since.
Not Sure Where You Stand?
If you are unsure whether your credit history will affect your chances, we can talk it through and give you a clear, honest view of what is possible, without any pressure. We have helped many clients in similar situations find a way forward.
Adverse Credit Mortgages Available For
- Defaults, late repayments, and missed repayments
- County Court Judgment (CCJ) and Individual Voluntary Arrangement (IVA) cases
- Discharged bankruptcy cases
- Debt management plans (DMPs)
- Repossession and liquidation cases
- Absence from electoral rolls, or no credit history
- Running out of credit on your cards or credit lines
- Using payday loans and other personal loan products
- Other poor credit cases
If you are wondering how to get a mortgage with bad credit, you probably already know that it is not exactly an easy task. Lenders often tend to turn poor credit mortgage applications down as a matter of policy, leaving applicants with no feasible credit options. No credit means that your commercial or investment ventures become hamstrung, making it almost impossible to break out of the rut. This is exactly why adverse credit mortgages are so important, as they give you a fair shot at setting things right.
Poor credit is usually an outcome of a combination of events. The most common among these are CCJs, IVAs, DMPs, bankruptcy proceedings, liquidation proceedings, repossessions, and defaults. At Commercial Finance Network, we have curated a pool of lenders who specialise in assessing the merits of such cases, improving your chance of getting approved for an adverse credit mortgage.
As one of the the UK’s leading whole-of-market mortgage brokers, we make getting a mortgage with adverse credit a stress-free reality for clients with all types of bad credit throughout the UK.
Key Features of Our Adverse Credit Mortgage Services
- Specialist adverse credit mortgage broker
- Bad credit mortgages customised to fit your requirements
- We work with all adverse credit mortgage lenders to give the widest range of options
- Our lenders service the whole range of bad credit cases
- Quick, hassle-free application that takes no longer than a few minutes
- A large share of the adverse credit mortgages we broker belong to borrowers who have been routinely denied credit elsewhere
- No upfront fees
- No hidden fees
- Decision within 24 hours
- Round-the-clock case updates
What Is a Bad Credit Mortgage?
Bad credit mortgages are also known as subprime mortgages or adverse credit mortgages. These mortgages, as the name suggests, are geared towards borrowers who have poor credit.
If you have ever applied for a loan, you know how important your credit history is. Not many standard residential mortgage lenders are willing to work with borrowers who have bad credit, and the ones who are have to hedge the risk with much higher interest rates. Moreover, a rejected mortgage application, in all likelihood, can further deteriorate the credit score.
At any rate, it is the borrower who has to be at the receiving end of all these issues.
Adverse credit mortgages aim to solve this problem by granting borrowers a fair chance, at the lenders’ discretion. If you are struggling with bad credit and want to raise funds, preferably for commercial or business purposes, such mortgages can help you turn the corner.
As a whole-of-market broker, we have direct access to the wide range of adverse mortgage lenders, not just the big names. That means we can match you with specialist adverse lenders who consider your full financial picture, not just your credit score. These lenders understand bad credit circumstances so much better than standard mortgage lenders, so they are much better placed to offer you an adverse credit home loan.
Adverse Credit Mortgages vs Regular Mortgages
A regular mortgage is a straightforward transaction based on your credit rating and history of repayments. As long as you bring on board a good credit score, lenders will be happy to lend money to you at market interest rates.
This, however, changes when you have bad credit. An adverse credit lender willing to work with you has to bear higher risk, and that is reflected in the relatively higher interest rates they offer. Similarly, you will need to earmark a significant percentage of the mortgage value as an initial deposit, usually 10% to 25%.
The lender’s decision will take into account multiple factors such as your overall financial position and any potential extenuating circumstances.
In summary:
- Adverse credit mortgages feature higher interest rates.
- You may be required to put up a higher percentage of the loan or property value as a deposit.
How to Apply for a Bad Credit Mortgage
Applying for a bad credit mortgage used to be an extremely tedious process not too long ago. It would typically involve multiple in-person meetings and lengthy follow-ups. Thankfully, Commercial Finance Network, a leading whole-of-market broker in the UK, has changed all of that.
All you need to do is follow the simple steps and we will get back to you with a decision within 24 hours.
Step 1 – Call us on 01494 622 111 or complete our short online form.
Step 2 – Speak with one of our specialist adverse mortgage advisors.
Step 3 – Get a free quote and Decision in Principle.
Why Commercial Finance Network?
We know and understand the frustration you have to go through in a bad credit situation. That is exactly why we have created a pool of specialist adverse credit mortgage lenders who are willing to judge your application with an open mind and an appetite to lend.
“At Commercial Finance Network, our aim is not just to connect you with specialist adverse mortgage lenders, but also to make sure that you get the fastest, cheapest, and best possible deal.”
Here is why our bad credit mortgage broking service is counted among the best in the UK:
- Being truly independent, we research the whole-of-market lenders to find the best lenders suited to your exact requirements and needs.
- We work with all the specialist lenders, so can be certain to find you the best possible deal.
- We work with lenders to help you get a fully customised bad credit mortgage with some of the lowest interest rates available, which can make a huge difference to your finances over the long run.
- The application process is hassle-free and quick, with a decision within 24 hours.
- You can view the very latest status of your application at any time using our unique and industry-leading WiiN customer portal.
Adverse Credit Mortgage FAQs
Can I get a mortgage with bad credit?
Yes, a patchy credit history does not shut the door the way the high street makes it feel. Specialist adverse credit lenders work in exactly this space and will weigh up the whole picture, from your income to your circumstances. The sensible first move is a chat with an adverse credit broker who can point you towards the lenders most likely to say yes.
What is an adverse credit mortgage?
It is a mortgage built for people with a bumpy credit record, whether that is low scores, defaults, CCJs, or missed payments. It is offered by specialist lenders who care more about where your finances sit today than about what tripped you up in the past.
How bad does my credit have to be to need an adverse mortgage?
There is no hard line, as it really depends on the mix of issues and how recent they are. As a rough guide, if a standard lender has already turned you down over defaults, bankruptcy, or an IVA, you are usually in adverse territory. Either way, an experienced adverse broker can tell you quickly where you stand.
Will I have to pay a higher interest rate?
Usually a bit higher, yes, as the lender is pricing in the extra risk it carries. Treat it as a short-term fix, though, because once your finances settle you can often remortgage onto a standard rate later on.
Do adverse mortgage lenders look at more than just my credit score?
Yes, that is exactly what they are built for. These lenders take a common-sense view, weighing up your income, how stable things are now, and the story behind the credit issues, instead of stopping at what your file says.
Do I need a big deposit for an adverse credit home loan?
Usually a larger one than a clean-credit applicant, often somewhere around 10% to 30%. A bigger deposit lowers the lender’s risk, so the more you can put down, the wider your options and the more likely a lender is to say yes.
Will applying hurt my credit even more?
Not when it is handled properly through a broker. Early on we keep things to soft searches that leave no footprint, and only let the lender run a hard search once we are confident they will say yes, so you are not stacking up declines.
Can I get a buy-to-let mortgage with bad credit?
Yes, there are lenders who offer adverse credit buy-to-let mortgages. The rent the property is expected to bring in usually does a lot of the heavy lifting, alongside your wider credit profile, so a past blip need not rule out a buy-to-let purchase.
Get in Touch With Us, and We Will Do the Rest
Bad credit can pose all sorts of problems to your finances and prove very expensive if you do not have the right team of experts on your side.
Contact us today and one of our adverse mortgage advisors will call you back right away. As a whole-of-market broker, we work with clients across the UK and internationally.
Call us on 01494 622 111 or email info@cfnuk.com. Commercial Finance Network is a whole-of-market broker directly authorised and regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up repayments on your mortgage.
Related Services
- Commercial Mortgages – purchase and refinance finance for business property across the UK.
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- Bridging Loans – fast, short-term property finance when timing matters.
- Development Finance – staged funding for build and renovation projects.
- HMO Finance – specialist lending for houses in multiple occupation.