Bad Credit Mortgages | Fee-Free Advice

Getting a Mortgage With Bad Credit

Having bad credit doesn’t necessarily mean you can’t get a mortgage.

Lenders assess credit history differently, so speaking to a mortgage adviser for bad credit can help you understand your options.

Boon Brokers is a fee-free, whole-of-market bad credit mortgage broker, helping customers across the UK explore suitable options.

Whether you’ve had missed payments, defaults or CCJs, your dedicated adviser will review your circumstances, answer your questions, compare suitable lenders and manage your application.

We’ll always be transparent about your options, and we’ll never charge you a broker fee.

Get Fee-Free Advice How We’re Fee-Free

Submit an enquiry and await contact from one of our expert fee-free brokers.

Expert Advice

Your broker will listen to your adverse credit requirements and provide a proposal.

Mortgage Offer

Your broker will submit your application and await your mortgage offer.

Can I Get a Mortgage with Bad Credit?

Yes, it’s absolutely possible to get a mortgage with bad credit. Amidst the cost of living crisis, many lenders are more understanding about applicants who have a less than perfect credit score, and now offer products specifically for people with a poor credit history. However, you may find fewer options available and slightly higher rates. Speaking with a trusted whole-of-market mortgage broker - like Boon Brokers - can help you find the most suitable deal based on your credit profile and goals.

How Does a Bad Credit Mortgage Work?

A bad credit mortgage works much like a standard mortgage, the only difference is that your chosen lender will consider your past financial history more closely. You may need a larger deposit and could face higher interest rates. With the right advice and whole-of-market access, though, you can still secure a competitive deal and improve your credit rating over time.

How Does My Credit Score Affect How Much I Can Borrow?

Your credit score influences the mortgage amount you can borrow and the interest rate offered. A lower score usually means lenders will limit your borrowing or require a larger deposit to offset the risk. Improving your credit score and speaking to a broker with whole-of-market access can open up more options.

How Do I Check My Credit Score?

You can check your credit score through any trusted UK credit reference agency. The most popular UK agencies include: Experian, Equifax, ClearScore, or Check My File. In addition to this, many online banking apps now also include free credit score tools to help you monitor changes before applying for a bad credit mortgage.

How Do Lenders View Bad Credit During a Mortgage Application?

Most lenders will carry out a soft credit check at the initial Agreement in Principle stage and a hard credit check during the full mortgage application. These searches allow them to assess your financial history, including missed payments, defaults, and CCJs. At Boon Brokers, our dedicated experts will be able to identify lenders who are more flexible when it comes to these issues, matching you to a lender and mortgage product that suits your needs.

Can I Still Get a Low Interest Rate with Bad Credit?

It depends on how severe your credit issues are and how recent they occurred. Some high street lenders may still consider applicants with minor, older credit issues, allowing access to competitive rates. However, if your bad credit is more significant, you may need to use a specialist lender. At Boon Brokers, we compare deals across the whole market to find the best available rate for your circumstances.