If you’ve been told that bad credit means you can’t get a mortgage, don’t lose hope just yet.
While it may be more challenging, securing a mortgage with a less-than-perfect credit history is absolutely possible.
Bad credit can come from missed payments, defaults, CCJs, or even something as small as a late phone bill. Lenders use your credit history to assess risk, but each lender has different criteria—so one rejection doesn’t mean all hope is lost!
Many specialist lenders offer mortgages for those with adverse credit. You may need a larger deposit, proof of stable income, and a plan to show financial responsibility. There are also ways to improve your credit score, like registering on the electoral roll and making timely payments.
In my Bad Credit Mortgages YouTube video, I break down everything you need to know about bad credit mortgages, including how lenders assess your situation, what steps you can take to improve your chances, and what mortgage options might be available to you.
I go into detail on everything you need to know in my YouTube video. Click the link below to watch and learn how you can take steps toward homeownership, even with bad credit.
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