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Mortgages with Bad Credit

Poor Credit History

Late Payments/Default


Mortgages for Bad Credit

How We Can Help
(We Only Consider Commercial And Investment Properties)

We have lenders that accept adverse credit.  You may find it difficult to find them on the high street though.  If you are wondering how to get such a mortgage you need to speak to Accelerated.  Our specialist knowledge will help you find the best rates UK-wide.

  • Poor Credit History

  • Missed late payments or default.

  • Mortgages for bankruptcy

  • Exclusive rates- up to to 80% LTV (70% LTV for IVA/Ex bankruptcy)


We can normally confirm your options within 48 hours.

The loans are restricted to only Residential and Commercial Buy to Lets. The loans can be for refinancing of portfolios, acquisitions of all types of property and auction purchases.  Loan to Value can be high as 75-80% depending on the quality of the security, rental incomes and interest rate cover. 

The Following Topics Are Covered Below

Author- Aakash Nagrani CeMAP CeRER

What Is A Bad Credit Mortgage?

Adverse credit mortgages is simply a term used to describe the kinds of mortgages for which you will likely be approved with a bad or poor credit rating.  Bad credit mortgages will often come with higher interest rates which allow lenders to offset the risks of lending money. Other restrictions include setting a lower to value (LTV) ratio to reduce their risk. 

The LTV Ratio lets you know the percentage of the value of the property the lender is willing to offer, with the remaining value needed to be covered in the deposit. 

What Does It Mean If You Have A Bad Credit Score?

The term bad credit is used to describe a person who has a poor, or low, credit rating. This could be because of no credit history, late payments, county court judgements, bankruptcy, debt management plans or account defaults.  Lenders also don't like to see too many applications for credit within a short time frame. These are known as hard searches and can suggest that you aren't in control of your money.  

Check your Credit File

Lenders look at your credit score as well as your ability to make repayments before deciding whether to approve any credit application including credit cards, loans and mortgages. Generally, lenders use credit reference agencies including Experian, Equifax and Transunion.  These agencies will analyse all your credit data to calculate an overall rating. They will assign a score between 300 and 900, and it is this score that will help determine what kind of borrower you are.  The lower the score, the higher the risk to the lender. 

Click here to access your free credit report (Try it FREE for 30 days, then £14.99 a month- cancel anytime)

How Can I Increase My Chances Of Getting A Mortgage If I've Got A Poor Credit History?

1. Get hold of your existing credit reports.


If you have a bad, or poor credit score and are applying for a mortgage, the first step would be to check your credit score to understand where you are starting from and what lenders will see when running your credit report. You could find that your score is not as bad as you thought, which means you are eligible for a standard mortgage. There could also be errors in your report that need correcting. 

2. Optimise your credit rating

In the year leading up to your application, try to settle as many of your outstanding accounts as you can. This will also make you more attractive to lenders as it proves you are serious about getting your finances in order and lowering your debt-to-income ratio.  Another tip is to make sure you are on the electoral roll. Having your name included on the electoral role make it easier to get credit as lenders see this as a sign of stability and proof of residency.

3. Raise as much deposit as you can

Mortgage lenders are more likely to consider your application for an adverse credit mortgage if you are able to provide a higher deposit upfront. If you want to access the most competitive rates in the market, aim for a deposit of 25% of the purchase price.

4. Avoid making multiple mortgage/credit applications in a short period of time

The more applications you make, the worst this looks to lenders as they see it as a sign that you are not in control of your finances or are having trouble securing finance. If you want to find out if you are likely to be approved, only complete soft searches as these won't show up on your credit report. 



This article is intended to provide a general understanding of the topic. The contents should not be treated as advice. 

What is a bad credit mortgage?
What does it mean if you have a bad credit score?
Check to access your free credit report
How can I increase my chances of getting a motag if i'vegot a poor credit history?

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