Your home may be repossessed if you do not keep up repayments on your mortgage.

This comparison includes specialist mortgages that may be available if you have poor credit.
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GE Money Home Lending 2 Year 2.01% Discount
Maximum LTV
75%
Initial Rate
1.99% variable
for 24 months
Application Fee
£1,000
Available via brokers only.
GE Money Home Lending 2 Year 1.51% Discount
Maximum LTV
80%
Initial Rate
2.49% variable
for 24 months
Application Fee
£1,000
Available via brokers only.
Precise Mortgages 2 Year LIBOR + 2.42%
Maximum LTV
75%
Initial Rate
2.99% LIBOR tracker
for 24 months
Application Fee
£995
Available via brokers only.
GE Money Home Lending 2 Year 3.19% Fixed
Maximum LTV
75%
Initial Rate
3.19% fixed
for 24 months
Application Fee
£1,000
Available via brokers only.
Precise Mortgages 2 Year 3.24% Fixed LIBOR
Maximum LTV
75%
Initial Rate
3.24% fixed
for 24 months
Application Fee
£995
Available via brokers only.
GE Money Home Lending Lifetime Tracker No Fee
Maximum LTV
75%
Initial Rate
3.29% variable
for 300 months
Application Fee
£0
Available via brokers only.
Precise Mortgages 2 Year LIBOR + 2.72% + Cashback
Maximum LTV
75%
Initial Rate
3.29% LIBOR tracker
for 24 months
Application Fee
£995
Available via brokers only.
GE Money Home Lending 2 Year 1.66% Discount
Maximum LTV
75%
Initial Rate
3.34% variable
for 24 months
Application Fee
£1,000
Available via brokers only.
GE Money Home Lending 2 Year 1.61% Discount
Maximum LTV
75%
Initial Rate
3.39% variable
for 24 months
Application Fee
£1,000
Available via brokers only.
GE Money Home Lending 2 Year 1.61% Discount
Maximum LTV
75%
Initial Rate
3.39% variable
for 24 months
Application Fee
£1,000
Available via brokers only.
GE Money Home Lending 2 Year 1.51% Discount
Maximum LTV
75%
Initial Rate
3.49% variable
for 24 months
Application Fee
£1,000
Available for first time buyers and via brokers only.
Precise Mortgages 2 Year LIBOR + 2.92%
Maximum LTV
80%
Initial Rate
3.49% LIBOR tracker
for 24 months
Application Fee
£995
Available via brokers only.
Precise Mortgages 2 Year LIBOR + 2.92%
Maximum LTV
75%
Initial Rate
3.49% LIBOR tracker
for 24 months
Application Fee
£995
Available via brokers only.
Precise Mortgages 2 Year 3.54% Fixed LIBOR + Cashback
Maximum LTV
75%
Initial Rate
3.54% fixed
for 24 months
Application Fee
£995
Available via brokers only.
Precise Mortgages 2 Year 3.54% Fixed LIBOR + Cashback Club
Maximum LTV
75%
Initial Rate
3.54% fixed
for 24 months
Application Fee
£1,495
Available via brokers only.
Precise Mortgages 2 Year 3.54% Fixed LIBOR Remortgage Club
Maximum LTV
75%
Initial Rate
3.54% fixed
for 24 months
Application Fee
£1,495
Available for remortgage and via brokers only.
Buckinghamshire B.S. 5 Year 3.59% Fixed
Maximum LTV
75%
Initial Rate
3.59% fixed
for 60 months
Application Fee
£1,045
Available via brokers only.
GE Money Home Lending 2 Year 3.59% Fixed No Fee
Maximum LTV
75%
Initial Rate
3.59% fixed
for 24 months
Application Fee
£0
Available via brokers only.
GE Money Home Lending 2 Year 3.64% Fixed
Maximum LTV
75%
Initial Rate
3.64% fixed
for 24 months
Application Fee
£1,000
Available via brokers only.
GE Money Home Lending 2 Year 3.69% Fixed
Maximum LTV
80%
Initial Rate
3.69% fixed
for 24 months
Application Fee
£1,000
Available via brokers only.

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How to Get a Mortgage With Bad Credit

Given the recent economic climate, you may be asking 'can I get a mortgage with bad credit?' Here's what you need to know.

A few years ago, mortgages for people with bad credit, known as sub-prime mortgages, were widely available, and lenders and brokers alike saw the sub-prime sector as a very lucrative area.

Bad credit mortgage rates were considerably higher than those for borrowers with a good credit history, but many such loans were granted, and a number of bad credit mortgage lenders emerged who specialised in the sub-prime sector.

The picture has now changed massively, with the credit crunch widely attributed to too many bad credit mortgages being granted, and to borrowers defaulting on these loans.

A poor credit history can arise as a result of loan payment defaults, County Court Judgements or bankruptcy.

At the present time, finding mortgages for bad credit can be difficult, although not impossible.

Many lenders limit the amount you can borrow, with some extending a maximum loan to value (LTV) as low as 60% (so you would need a 40% deposit, or 40% equity in your home if you were remortgaging). Similarly, finding a competitive bad credit mortgage deal that will lend you more than 80% of your home's value is especially difficult in the current economic climate.

Fixed rate mortgages are available, but it is much more common to find a tracker deal.Many adverse credit mortgages track the London Inter-Bank Offered Rate (LIBOR) so your repayments and interest rate would rise and fall in line with its movements.

Many mortgage for bad credit deals aren't available direct from the lender. Instead, you need to apply through a mortgage broker, who will also ensure that it's the best deal possible from a lender who will accept you, given your circumstances. However, when you do go through a broker, you should be aware that they do add a charge for using their services. Be sure to take this into consideration when deciding on the mortgage as the lowest interest rates may come from a broker who charges an extortionate rate, this could make it cheaper to go with a different broker, so be sure to shop around.

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