Bad Credit Mortgages

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We specialise in adverse credit mortgages

Bad credit does not mean that you cannot get a mortgage, it may just be more difficult and that's why we are here!

Why do I have a poor credit score?

The credit score is calculated based on your credit history and other information and it is used by lenders to determine what type of borrower you are and how likely it is that you will manage your repayments. Ultimately however, it is not the credit score what will impact a lender’s decision, it is the different information recorded in your credit file.

Here are some of the factors in your credit file that may contribute to a low credit rating:

Having County Court Judgements (CCJs) or Defaults registered against you
Being in a debt management arrangement (known as Individual Voluntary Arrangement or IVA), or having been declared bankrupt
Not being registered on the electoral roll
Having missed or late payments on loans or credit cards
Applying for a lot of credit at one time
Taking out pay day loans
Being connected (e.g. through a joint mortgage or bank account) to someone with a bad credit rating

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Can I improve my credit score?

Bad credit isn't for life! Your credit score can improve by taking action and here are a few tips you should follow:

Check your credit report. We always recommend to take a pro-active approach and obtain your credit report, especially if you want to apply for a mortgage. Check your credit report for any inaccuracies and correct them straight away.

Register on the electoral roll and ensure your credit record shows your correct address history. Lenders use this to confirm that you are who you say you are.

Pay off your debts. The amount of debt you have is one of the biggest factors that goes into your credit score, it accounts to 30% of your score. It also takes into account how close your loan balance is to the original loan amount. Paying your loan balances is better for your credit score.

Pay your utility and phone bills on time. Missed and late payments can stay on your credit file for up to six years.

Disassociate yourself from any financial partners with a poor credit history as their low credit rating may impact yours.

Avoid making multiple credit applications in a short space of time. This may have a negative impact on your credit history by showing lenders that you are “hungry” for credit

Save for a deposit – having more deposit will increase your chances to find a lender who will be flexible enough to consider someone with a patchy credit history.

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How we can help

Many of our clients ask this question – Can I get a mortgage if I have bad credit? Taking out a mortgage when you have a poor credit may seem like an impossible mission but we are here to tackle this challenge for you:

We are a whole of market independent mortgage broker who will utilise all the expertise in adverse credit mortgages to help you succeed in this mission..

We understand that circumstances can lead to an impaired credit history. We also understand how much more difficult it is to find a mortgage if you have bad credit.

By speaking to Fairview Financial, you can save time, money and hassle just by having a quick conversation. We offer a free, no obligation fact find to understand your circumstances and the cause of your poor credit rating and we will work with you to secure you the most competitive mortgage.

Whether or not you have “poor” credit can be quite subjective because criteria varies between lenders – while one lender may reject your mortgage application, another lender may accept it. Fairview Financial works with a wide panel of adverse credit mortgage lenders offering solutions tailored for people with adverse credit so we can find you a mortgage even in the most complex of circumstances.

We will also take care of the full application from start to finish and support you through the whole process.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

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Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

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Our Fees

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.