We fully understand that having a poor credit rating can be a source of stress and frustration when it comes to obtaining a mortgage.

Can i get a mortgage if i have bad credit

However, it’s important to know that having a less-than-perfect credit score does not necessarily mean you can’t get a mortgage. There are options available for people with a poor credit rating, and our team of experts is here to help you find the best solution for your situation.

First and foremost, it’s important to understand what factors can impact your credit rating.

There are a host of reasons why a persons credit rating may have been negatively impacted.

Late payments, defaulted loans, mobile phone payment issues, student debt, lifestyle events such as relationship breakdowns are all examples of events that can negatively impact your credit score.

However, even everyday habits such as only making the minimum payment on your credit card each month can also lower your credit rating over time.

If you have a poor credit rating, it’s important to take steps to improve it. This can include paying off any outstanding debts, making all payments on time, and limiting the amount of credit you apply for. By taking these steps, you can start to see an improvement in your credit rating, which may make it easier to get approved for a mortgage in the future.

However, even if you’re unable to improve your credit rating in the short-term, there are still options available to help you get a mortgage.

An option may be to apply for a joint mortgage with someone who has a better credit rating.

By combining your incomes, you may be able to get approved for a mortgage even if you have a poor credit rating. However, it’s important to keep in mind that both parties will be jointly responsible for the mortgage and any missed payments could impact both of your credit ratings.

The most important steps to take is asking a professional for their advice prior to applying.

Working with an impartial mortgage broker can be incredibly helpful when you have a poor credit rating. Our team of experts will work with you to understand your unique situation and will be able to offer guidance and support throughout the process.

We have access to a wide range of mortgage products and lenders, which means we may be able to find a solution that is not available to you if you go directly to a lender or a non specialist mortgage adviser.

In conclusion, having a poor credit rating does not necessarily mean you can’t get a mortgage. There are options available, and our team of experts is here to help you find the most suitable solution for your situation.

If you’re ready to take the next step, don’t hesitate to get in touch.

We’re here to help.

Speak to one of our experienced advisers to see what your options could be.

Risk Warning: The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your home/property may be repossessed if you do not keep up repayments on your mortgage.