What is a bad credit mortgage and how do I apply?

Mortgages for bad credit are products which have been specifically created for people who have been refused by main stream lenders, due to:

• Poor credit history
• Low credit score
• CCJs
• IVAs or Bankruptcy
• Late payments or missed mortgage payments
• Defaults
• Repossessions

This means if you want to own your own home and need a mortgage with bad credit, you’ll need help to find a deal.

Getting a mortgage with bad credit isn’t easy, and if you’ve been searching already you will have discovered few mainstream lenders offer adverse credit mortgages. Most aren’t willing to offer mortgages to those with a less than perfect financial history.

If yours is a minor reason you are likely to need a minimum 10% deposit, if your reason is more serious your minimum deposit might be as high as 40% to reduce the lender's risk. You will need be show you can afford a mortgage both now and in the future.

So what can you do if for example you have payment arrears, payment defaults, CCJ's or have been made bankrupt? Your next step should be to contact us at Deal Direct for poor credit mortgage advice.

At Deal Direct we have experience in sourcing mortgages for poor credit, we understand your needs and can help you to purchase a home or remortgage to a better rate. If you have had financial issues in your past, don’t despair, we have access to specialist lenders offering bad credit mortgages.

Why choose us?

• We are 'whole of market' with access to the most competitive adverse credit mortgages.
• Our mortgage advisers are highly qualified and experienced at finding bad credit deals.
• We have access to exclusive remortgage deals only available to those with poor credit.
• We are dedicated to finding a mortgage for every home-owner who contacts us.

If you would like to make a mortgage bad credit enquiry call us today on 0800 048 8828.