Compare Bad Credit Mortgages

If you have had issues with poor credit in the past, you may still be able to buy a home with a bad credit mortgage.

63 results found, sorted by affiliated products by lowest initial rate. How we order our comparisons. Commission earned affects the table's sort order.
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MBS Lending Ltd 2 year discount
Maximum LTV
70%
Initial rate
2.99% for 2 years (3.01% discount on SVR)
Subsequent rate (SVR)
6.0% variable
Overall cost for comparison
5.8% APRC
Available via brokers only.
More information
Application fee£150 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion fee£995 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- 1.00% of amount paid, in the second year

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Wales
Broker Only
Max age at term end80 years
Minimum Age18 years
Minimum Income£10,000
Number of CCJSUnlimited
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Mansfield 2 year discount
Maximum LTV
80%
Initial rate
3.24% for 2 years (2.11% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.1% APRC
Available via brokers only. Area restrictions may apply.
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Broker Only
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Self Employed Accepted
Mansfield 2 year discount
Maximum LTV
80%
Initial rate
3.24% for 2 years (2.11% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.1% APRC
Available via brokers only.
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Scotland
Available in Wales
Broker Only
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Self Employed Accepted
Mansfield 2 year discount remortgage
Maximum LTV
80%
Initial rate
3.24% for 2 years (2.11% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.1% APRC
Available via brokers only.
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Scotland
Available in Wales
Broker Only
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Mansfield 2 year discount remortgage
Maximum LTV
80%
Initial rate
3.24% for 2 years (2.11% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.1% APRC
Available via brokers only. Area restrictions may apply.
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Broker Only
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Loughborough 3 year discount
Maximum LTV
70%
Initial rate
3.29% for 3 years (2.05% discount on SVR)
Subsequent rate (SVR)
5.34% variable
Overall cost for comparison
4.9% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of the original loan, in the first year

- 2.00% of the original loan, between 12 and 36 months

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Wales
Broker Only
First Time Buyers
Max age at term end80 years
Minimum Age18 years
Number of CCJS3
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Loughborough 2 year discount
Maximum LTV
60%
Initial rate
3.39% for 2 years (1.95% discount on SVR)
Subsequent rate (SVR)
5.34% variable
Overall cost for comparison
5.2% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Wales
Broker Only
Max age at term end80 years
Minimum Age18 years
Number of CCJS3
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Mansfield 2 year discount
Maximum LTV
80%
Initial rate
3.39% for 2 years (1.96% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.2% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Scotland
Available in Wales
Broker Only
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Self Employed Accepted
Mansfield 2 year discount
Maximum LTV
80%
Initial rate
3.39% for 2 years (1.96% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.2% APRC
Available via brokers only. Area restrictions may apply.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Broker Only
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Self Employed Accepted
Mansfield 2 year discount remortgage
Maximum LTV
80%
Initial rate
3.39% for 2 years (1.96% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.2% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Scotland
Available in Wales
Broker Only
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Mansfield 2 year discount remortgage
Maximum LTV
80%
Initial rate
3.39% for 2 years (1.96% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.2% APRC
Available via brokers only. Area restrictions may apply.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Broker Only
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Darlington Building Society 2 year discount
Maximum LTV
75%
Initial rate
3.49% until 28 Feb 2024 (1.81% discount on SVR)
Subsequent rate (SVR)
5.3% variable
Overall cost for comparison
5.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,099 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 28 Feb 2023

- then 1.00% of amount paid, until 28 Feb 2024

Other fees may apply.

Eligibility
Arrears Permitted
Available Direct
Available in England
First Time Buyers
Minimum Age18 years
Number of CCJSUnlimited
Permanent UK Resident
Self Employed Acceptedfalse
Darlington Building Society 2 year discount
Maximum LTV
80%
Initial rate
3.49% until 28 Feb 2024 (1.81% discount on SVR)
Subsequent rate (SVR)
5.3% variable
Overall cost for comparison
5.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,099 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 28 Feb 2023

- then 1.00% of amount paid, until 28 Feb 2024

Other fees may apply.

Eligibility
Arrears Permitted
Available Direct
Available in England
Available in Scotland
Available in Wales
First Time Buyers
Minimum Age18 years
Number of CCJSUnlimited
Permanent UK Resident
Remortgage Available
Self Employed Acceptedfalse
Darlington Building Society 2 year discount
Maximum LTV
80%
Initial rate
3.49% until 28 Feb 2024 (1.81% discount on SVR)
Subsequent rate (SVR)
5.3% variable
Overall cost for comparison
5.1% APRC
Area restrictions may apply.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,099 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 28 Feb 2023

- then 1.00% of amount paid, until 28 Feb 2024

Other fees may apply.

Eligibility
Arrears Permitted
Available Direct
Available in England
First Time Buyers
Minimum Age18 years
Number of CCJSUnlimited
Permanent UK Resident
Remortgage Available
Self Employed Acceptedfalse
Darlington Building Society 2 year discount
Maximum LTV
75%
Initial rate
3.49% until 28 Feb 2024 (1.81% discount on SVR)
Subsequent rate (SVR)
5.3% variable
Overall cost for comparison
5.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,099 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 28 Feb 2023

- then 1.00% of amount paid, until 28 Feb 2024

Other fees may apply.

Eligibility
Arrears Permitted
Available Direct
Available in England
Available in Wales
First Time Buyers
Minimum Age18 years
Number of CCJSUnlimited
Permanent UK Resident
Self Employed Acceptedfalse
Loughborough 2 year fixed
Maximum LTV
70%
Initial rate
3.49% fixed for 2 years
Subsequent rate (SVR)
5.34% variable
Overall cost for comparison
5.1% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Wales
Broker Only
First Time Buyers
Max age at term end80 years
Minimum Age18 years
Number of CCJS3
Permanent UK Resident
Remortgage Available
Self Employed Accepted
MBS Lending Ltd 2 year fixed
Maximum LTV
70%
Initial rate
3.49% fixed until 31 Jan 2024
Subsequent rate (SVR)
6.0% variable
Overall cost for comparison
5.8% APRC
Available via brokers only.
More information
Application fee£150 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion fee£995 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 31 Jan 2023

- then 1.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Wales
Broker Only
Max age at term end80 years
Minimum Age18 years
Minimum Income£10,000
Number of CCJSUnlimited
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Hanley Economic Building Society term discount shared ownership
Maximum LTV
70%
Initial rate
3.59% for mortgage term (1.2% discount on SVR)
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.6% APRC
Available in branch only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available Direct
Available in England
Available in Wales
First Time Buyers
Max age at term end80 years
Minimum Age18 years
Number of CCJS5
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Buckinghamshire Building Society 3 year discount
Maximum LTV
60%
Initial rate
3.74% for 3 years (1% discount on SVR)
Subsequent rate (SVR)
4.74% variable
Overall cost for comparison
4.6% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of amount paid, in the first year

- 1.00% of amount paid, in the second year

- 0.50% of amount paid, in the third year

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Wales
Broker Only
Minimum Age18 years
Number of CCJSUnlimited
Permanent UK Resident
Remortgage Available
Self Employed Acceptedfalse
Penrith Building Society 3 year discount
Maximum LTV
85%
Initial rate
3.75% for 3 years (1% discount on SVR)
Subsequent rate (SVR)
4.75% variable
Overall cost for comparison
4.7% APRC
More information
Application fee£299 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first three years

Other fees may apply.

Eligibility
Arrears Permitted
Available Direct
Available in England
Available in Wales
First Time Buyers
Minimum Age18 years
Number of CCJSUnlimited
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Mansfield 2 year discount
Maximum LTV
75%
Initial rate
3.79% for 2 years (1.56% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.3% APRC
Available via brokers only. Area restrictions may apply.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Broker Only
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Self Employed Accepted
Mansfield 2 year discount
Maximum LTV
75%
Initial rate
3.79% for 2 years (1.56% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.3% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Scotland
Available in Wales
Broker Only
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Self Employed Accepted
Mansfield 2 year discount remortgage
Maximum LTV
75%
Initial rate
3.79% for 2 years (1.56% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.3% APRC
Available via brokers only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Available in Scotland
Available in Wales
Broker Only
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Mansfield 2 year discount remortgage
Maximum LTV
75%
Initial rate
3.79% for 2 years (1.56% discount on SVR)
Subsequent rate (SVR)
5.35% variable
Overall cost for comparison
5.3% APRC
Available via brokers only. Area restrictions may apply.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£999 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Arrears Permitted
Available in England
Broker Only
Max age at term end85 years
Minimum Age18 years
Number of CCJS1
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Metro Bank 2 year fixed
Maximum LTV
70%
Initial rate
3.79% fixed for 2 years
Subsequent rate (SVR)
3.6% variable
Overall cost for comparison
3.7% APRC
Available in branch only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- 1.00% of amount paid, in the second year

Other fees may apply.

Eligibility
Arrears Permitted
Available Direct
Available in England
Available in Scotland
Available in Wales
First Time Buyers
Max age at term end80 years
Minimum Age18 years
Number of CCJSUnlimited
Permanent UK Resident
Remortgage Available
Self Employed Accepted

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Overall representative example

Based on borrowing£170,000 over 25 yearsThe overall cost of comparison3.75% APRC representative
Initial rate2.19% fixed for 2 years (24 instalments of £726.81pm)Subsequent rate (SVR)4.02% variable for the remaining 23 years (276 instalments of £888.06pm)
Lender fee£552Total amount payable£263,101.10

Compare bad credit mortgages

If you have had issues with poor credit in the past, you may still be able to buy a home with a bad credit mortgage.

It’s possible to get a mortgage if you have a bad credit rating but you should expect to pay higher interest rates and you will need a larger deposit. That’s because your credit rating means you are considered more risky by lenders. We explain how a bad credit mortgage works.

Can you get a mortgage with bad credit?

There are mortgages which are designed for people with poor credit. These mortgages are offered by lenders who specialise in bad credit mortgages. Bad credit mortgages are also known as adverse credit mortgages, or sub-prime mortgages.

Remember, you should only get a mortgage if you can afford the monthly repayments. If you can’t keep up with them, you may lose your home.

How to find a bad credit mortgage

If you have bad credit you could still be accepted for a mortgage.

Use this comparison to find a specialist bad credit mortgage from lenders who are more likely to accept you even if you have poor credit.

Most of these bad credit mortgages are only available through brokers. This broker can look at your circumstances and find suitable mortgages from lenders likely to accept you.

Here is how to find a mortgage broker and how much their services cost.

How to get a mortgage with bad credit

Do you have bad credit?

​If you have struggled to apply for credit in the past, such as a loan or a credit card then you may assume you have a bad credit history. The thing to remember is that mortgages are different from most other types of credit; unlike a loan or a credit card they are secured on an asset - a property. The lender effectively owns part of the property until you pay off the loan, so this means a lender has the certainty that they can repossess the asset - your home - if you can’t pay off the mortgage. 

So in some ways you may be more likely to get a mortgage than a credit card, depending on the reasons why you have a bad credit record.

Some things will stand out as a red flag to any lender, even one that specialises in bad credit mortgages. These include:

  • Missed payments on credit cards, loans, mortgages or other debt

  • Going over your agreed credit limit or overdraft 

  • Too many applications for more credit (e.g. mortgages or credit cards)

  • Debt problems like bankruptcy and county court judgments (CCJs)

  • Sharing an account with someone who has debt problems

Remember that many lenders will look at each application on an individual basis to determine whether to offer you a mortgage with a bad credit history. You can speak to a bad credit mortgage broker if you need professional advice or input.

Here is how to check your credit record

How do ‘bad credit’ mortgages work?

‘Bad credit’ mortgages are just like regular mortgages, the difference is that they will charge more interest and you may be expected to come up with a larger deposit, for example at least 20-25% of the value of the property, rather than 5-10%.

Putting down a larger deposit means the lender can offset some of the risk of giving you a mortgage.

  • Having a lower credit score is viewed as a high risk by the lender, so the higher your credit score, the better the choice of mortgage deals available to you

Can I get a mortgage with bad credit?

When you apply for a mortgage, lenders will check your credit history to understand how well you manage your finances. They’ll also need to see your income, monthly outgoings and savings - what you earn and what you spend. This is to ensure you can afford the monthly repayments, especially if things change - like interest rates going up, or your income going down.

How can you get a mortgage with bad credit?

It’s possible to get a mortgage with poor credit.. The following tips can help you get a mortgage, even if you have bad credit.

  • Make sure you pay your bills on time. Lenders want to know you’re a responsible borrower so make sure any utility bills, loans and credit card payments are always paid on time and try to pay them in  full

  • Budget - always keep an eye on household costs. Lenders like to know that you don’t spend everything you earn, this means you need to make sure you have some extra money left over at the end of each month

  • Cut the extravagances - that gym membership - even if it’s only £20 a month  - if you don't use it get rid of it. If you are driving around in an expensive car (whether it’s leased or you own) then you may want to re-think that too

  • Be realistic - a lot of people stretch themselves when it comes to buying a home, if you can make do with two bedroom instead of a three bedroom home then you should.. Such a compromise will mean you are only borrowing 70% instead of 95% and that means you're more likely to be accepted for a bad credit mortgage

Applying for a mortgage with a bad credit history

If you have a bad credit history and you plan to apply for a mortgage in the future, there are several things you can do that could help to repair your credit record. You could wait for six months or more before you apply because you will have a greater choice of cheaper mortgages if your credit record is better.

Here is how to improve your credit record

What are the best bad credit mortgage rates?

Options may be limited when it comes to finding bad credit mortgage loans, and often lenders will demand a higher bad credit mortgage deposit than a standard mortgage deposit. 

The bad credit mortgage rates available will depend on your circumstances and lenders will consider all of the relevant information on an individual basis, including how long it has been since your credit issues occurred. 

Many bad credit mortgages track the London InterBank Offered Rate (LIBOR), which is an interest rate the banks set when they lend to each other.

Your mortgage's interest rate would rise and fall whenever the LIBOR rate changes.

However, you can also get bad credit mortgage rates that are fixed or discounted against the lender's SVR. Here are the types of interest rate explained so you can decide which is best.

Who are the bad mortgage credit mortgage lenders?

Often, it can be helpful to speak to a bad credit mortgage broker if you are looking for a mortgage deal with a poor credit score. A mortgage broker can help you navigate the application process and find the lenders who are most likely to accept an application for a mortgage with a bad credit history. 

Here is how to find a bad credit mortgage broker and how much their services cost.

Can you remortgage with a bad credit history?

It’s often possible to remortgage with bad credit, however you can potentially access better remortgage deals if you can improve your credit score. When you remortgage, a lender will look again at your credit history along with your income and expenses to determine how much you can afford before offering you a new rate. 

Find out more about when to remortgage here.

Bad credit mortgage FAQs

About our mortgage comparison

Last update: 11 October 2021

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How much does it cost to buy a home?

How much does it cost to buy a home?

Your home could be the most expensive purchase you ever make. Here is how much you might spend and how to make sure you can afford a mortgage and all of the other costs.

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Leasehold vs freehold

Leasehold vs freehold: Which should you get?

If you’re looking to buy a property in England or Wales, you’ll notice that they’re either listed as leasehold or freehold. But what’s the difference? We’re here to explain the terms, and share what they might mean for you as a property owner.

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