Mortgage with Bad Credit Surrey — What You Need to Know
Can You Get a Mortgage with Bad Credit in Surrey?
If you’re trying to buy a home in Surrey — particularly in areas like Reigate or Redhill — and you’ve had financial difficulties in the past, you might be wondering: **can I still get a mortgage with bad credit in Surrey**? The answer is yes — but there are important things to know.
What Counts as Bad Credit — and How It Affects You
Bad credit can mean many things: missed credit card payments, CCJs, defaults, or even bankruptcy. Lenders treat these as higher risk, but it doesn’t automatically disqualify you. Specialist lenders and near-prime products may still help first-time buyers in Surrey.
Specialist & Near-Prime Lenders in the UK
Some lenders are more flexible than mainstream banks; these providers often consider applications with historic credit issues.
Shared Ownership & Bad Credit — Is It an Option in Surrey?
Yes — even with adverse credit, Shared Ownership can still be a route onto the property ladder. You buy a share (e.g. 25–75%) and pay rent on the rest. Lenders for Shared Ownership may accept applications if your credit issues aren’t recent or have been addressed.
What You Can Do to Improve Your Chances
- Check your credit report from Experian, Equifax, or TransUnion and correct any errors.
- Reduce existing debt and keep payments current.
- Avoid applying for more credit before mortgage discussions.
- Save a larger deposit — 15–20% can improve your application.
- Use a specialist mortgage advisor who knows the Surrey market.
Local Advice for Bad Credit Applicants in Surrey
Having a mortgage broker local to Reigate and Redhill can make a difference. They understand which lenders in the region are more willing to consider your circumstances. Even with CCJs, defaults, or an IVA, you may still qualify with the right preparation.
Book a free consultation with Zita to explore options that suit your budget and history.
Also see: How bad credit mortgages work | Shared Ownership explained