Adverse Credit

Find the right mortgage quotes and remortgage quotes with bad credit history

Having a less than squeaky clean credit history could seriously set back your chances of buying your first house or remortgaging your property. It's estimated that one in four people, or five million households, would be refused a conventional, high street mortgage quote because they're suffering from some form of bad credit. There are many reasons why you could become blacklisted and classified as a non standard borrower. Late payments on credit cards, mortgage arrears, disputes over invoices and oversights with household bills and other events such as redundancy and divorce can lead to a bad credit rating. When looking for a mortgage, a poor credit rating can be a major obstacle. However mortgages and remortgage quotes are increasingly available to people who have a bad credit rating. You will need a deposit but apart from that, your bad credit history should not prevent you from getting the mortgage you require. The range of adverse credit mortgage and remortgage products and interest rates on offer will depend on how bad your financial problems have been and what your credit score / rating is. Most bad credit mortgage products are offered by a growing number of what are known as sub prime lenders, but increasingly high street lenders have become more flexible and accommodating of people with previous debt problems. An adverse credit history is no longer a barrier to getting a mortgage quotation at reasonable rates. Lenders have realised in recent years that if they can help borrowers through a difficult financial period, those people are more likely to stay with them after their credit problems have been sorted out. Lenders in this market will quite often ignore a limited number of arrears and CCJs settled within a given time interval preceding the current application, such as one or two years. A minority will ignore CCJs and arrears altogether whether settled or not. We aim to align you with UK mortgage brokers who can offer mortgage quotes and remortgage quotes considering your adverse credit or bad credit history.