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Can I Get A Mortgage With A Bad Credit Rating?

Published: 15 August 2013

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Author: Carl Shave - CEO and co-founder
Last updated: 30May2024

Just like every home is different, every potential homeowner’s requirements are unique. Choosing the right mortgage can be a headache at the best of times, but with a bad credit rating it can seem like one of those mind-boggling migraines. The huge range of mortgage options, and a multitude of lenders and conditions, means that you might not always be able to find the right option for your circumstances.

It is Possible to get a Mortgage

Rest assured though that it is possible to get a mortgage with bad credit. Everyone from time to time goes through financial ‘hiccups’, from unexpected bills to court orders or loans for business or personal use that proved a little too much to bear. What the lenders might not see is what you’re capable of in the future, which can be one of the most frustrating aspects of planning your next steps. Bad credit mortgages can carry a sting when it comes to interest and conditions, and what you really need is expert advice on how to make the right choice. The options are out there, but it’s all about knowing where to look and what to look for that makes the difference.

Let us Help You

The first and most important step in securing a mortgage is to shop around. Going directly to a lender can put you in a position where they sell you options that you can’t afford to keep up the repayments on. This will further damage your credit rating, whilst finding a manageable mortgage will improve your rating as you continue to make the payments.

Independent through and through

As an independent company, we won’t push one mortgage option over another on to you, and we take time to listen to your needs and review your financial profile. Our team of experts can go beyond anything you’d find on a price comparison website, and knowing the ins-and-outs of the industry puts us in a prime position to put you in a great position when it comes to finding a good deal. It’s worth remembering that securing a mortgage is good business for lenders who are willing to accommodate clients with a bad credit history, and that there is a thriving industry based on just this scenario. With a recession and a struggling housing market, there are many people in similar situations and contacting us here at Just Mortgage brokers to discuss your options can take the unnecessary burden of feeling alone off your shoulders.