Bad Credit Mortgages

Last updated: 9th July 2026

What Are Bad Credit Mortgages?

Bad credit mortgages are designed for people who have experienced financial difficulties that may make it harder to obtain a standard mortgage. Rather than focusing solely on your credit score, many specialist lenders look at your overall financial situation, including your income, affordability and how long ago the credit issue occurred.

Every lender has different criteria, so being matched with the right one can significantly improve your chances of approval.

Can You Get a Mortgage With Bad Credit?

Yes, it may still be possible to get a mortgage with bad credit. A previous financial issue does not automatically prevent you from borrowing, particularly if you’ve demonstrated good financial management since.

Lenders will assess factors such as the type of credit issue, when it occurred, whether it has been satisfied and your current financial position. In many cases, the stronger your overall application, the more mortgage options may be available.

What Counts as Bad Credit?

Bad credit can cover a range of financial circumstances, and not every issue is viewed the same way by lenders.

Missed Payments – Occasional missed payments may have less impact than more serious credit problems, particularly if they happened some time ago and you’ve maintained payments since.

Defaults – Defaults can affect your mortgage options, but many lenders will consider applications depending on how old the default is, the amount involved and whether it has been settled.

County Court Judgments (CCJs) – Having a CCJ doesn’t necessarily prevent you from getting a mortgage. Some lenders specialise in helping applicants with satisfied or historic CCJs.

Individual Voluntary Arrangements (IVAs) – Obtaining a mortgage after an IVA may still be possible once the arrangement has been completed or depending on individual lender criteria.

Debt Management Plans Some lenders are prepared to consider applicants who have completed or are currently managing a Debt Management Plan, provided affordability is strong.

Bankruptcy – While bankruptcy can limit your options initially, there are lenders who may consider applications after discharge, depending on your circumstances.

How Do Lenders Assess Applications Bad Credit Mortgages?

Every lender uses different criteria when assessing applicants with adverse credit. They will usually consider the type and severity of the credit issue, how recently it occurred and whether it has been resolved.

Alongside your credit history, lenders will review your income, employment, monthly commitments, deposit size and overall affordability. Demonstrating stable finances and responsible borrowing can strengthen your application considerably.

How Much Deposit Do You Need for bad credit mortgages?

The deposit required for a bad credit mortgage will depend on your circumstances and the lender you apply to. In many cases, a larger deposit can improve your chances of approval and provide access to more competitive mortgage products.

However, some lenders may still consider applicants with smaller deposits, depending on the nature of the credit issue and their overall financial position.

Can First-Time Buyers Get Bad Credit Mortgages?

Yes. Being a first-time buyer with bad credit does not automatically mean homeownership is out of reach. While your mortgage options may be more limited, there are lenders who understand that financial circumstances can change.

Receiving expert advice early can help you understand your borrowing potential and identify lenders that are most likely to accept your application.

Can You get a Remortgage Bad Credit mortgages?

Remortgaging with bad credit may still be possible, even if your credit history has changed since you first took out your mortgage. Whether you’re looking to secure a better interest rate, release equity or simply review your current deal, specialist lenders may be able to help.

If your existing mortgage deal is coming to an end, reviewing your options early can help you avoid moving onto a more expensive standard variable rate.

How Can You Improve Your Chances of Getting a Mortgage?

Although every application is different, there are several steps that may improve your chances of securing a mortgage. Checking your credit report for errors, registering on the electoral roll, reducing outstanding debts and maintaining payments on existing commitments can all help strengthen your application.

It’s also important to avoid making multiple mortgage applications in a short period, as this can affect your credit profile.

Common Mistakes to Avoid with Bad Credit Mortgages

One of the biggest mistakes people make is assuming they won’t qualify for a mortgage because of past financial difficulties. This often leads to unnecessary delays or missed opportunities.

Another common mistake is applying directly to multiple lenders without understanding their criteria. Every mortgage application leaves a footprint on your credit file, so seeking advice before applying can help avoid unnecessary declines.

Why Use a Mortgage Broker for Bad Credit Mortgages?

Specialist mortgage lenders often have very different lending criteria, making it difficult to know which one is right for your circumstances.

A mortgage broker can assess your financial situation, recommend suitable lenders and present your application in the strongest possible way. This not only improves your chances of success but can also save valuable time throughout the mortgage process.

Why Choose Future Interests For Bad Credit Mortgages?

At Future Interests, we understand that financial setbacks can happen to anyone. We take the time to understand your circumstances and provide clear, personalised mortgage advice without judgement.

Supporting clients across Herne Bay, Kent and throughout the UK, we’re committed to helping you find suitable mortgage solutions, regardless of your credit history.

Whether you’re buying your first home, moving property or remortgaging, we’re here to guide you every step of the way.

Bad Credit Mortgages FAQs

Can I get a mortgage with bad credit?

Yes. Many lenders consider applicants with bad credit, although the options available will depend on your individual circumstances.

What credit score do I need for a mortgage?

There is no universal minimum credit score, as every lender has its own criteria and assesses applications differently.

Can I get a mortgage after an IVA?

Yes, it may be possible to obtain a mortgage after an IVA depending on how long ago it was completed and your current financial position.

Can I get a mortgage after bankruptcy?

Some lenders will consider applications following bankruptcy discharge, although lending criteria vary.

Will I pay a higher interest rate?

Interest rates may be higher in some cases, particularly where recent or significant adverse credit is involved. However, the right lender can often offer competitive solutions based on your circumstances.

Speak to Future Interests About Bad Credit Mortgages

If you’re looking for bad credit mortgages, don’t assume past financial difficulties will prevent you from achieving your property goals. At Future Interests, we’ll take the time to understand your circumstances, explain your options and help you find a suitable mortgage with confidence.

Contact Future Interests today to discuss your bad credit mortgage options with one of our experienced advisers.