Bad Credit

If you have credit issues but are looking to secure a mortgage or re-mortgage, here are practical steps to improve your chances:

1. Check and Improve Your Credit Report

• Get your credit report from Checkmyfile, Experian, Equifax or TransUnion to identify errors or inaccuracies that may be affecting your score.
• Register on the electoral roll and ensure all bills are paid on time to rebuild your credit rating.
• Avoid applying for new credit in the months leading up to your mortgage application.

2. Manage Existing Debts

• Reduce unsecured debt usage to below 50% of your available credit, ideally closer to 25%.
• Pay off outstanding debts and ensure financial commitments are up-to-date.

3. Choose the Right Lender

• Avoid high street banks, which often reject applications with poor credit histories. Consider niche lenders specialising in bad credit mortgages.

4. Provide Evidence of Financial Stability

• Demonstrate that past financial issues have been resolved by showing consistent income and improved financial habits over time.

5. Consider Larger Deposits

• A larger deposit can reassure lenders and improve the chances of approval for adverse credit mortgages.

By following these steps, you can enhance your eligibility for a mortgage or re-mortgage despite past credit issues.

Your options may be better than you think, that’s why it is vital to seek professional advice.
We have access to whole of market for mortgage products and so are fully equipped to offer a bespoke solution to your individual circumstances.

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Our mortgage experts are committed to finding creative solutions tailored to your unique circumstances. We'll work closely with you to understand your financial goals and explore all available options to secure a mortgage that suits your needs.

Additionally, we provide comprehensive guidance and support throughout the entire mortgage process. From assessing your credit situation to helping you improve your credit score, we're here to empower you with the knowledge and resources you need to take control of your financial future.

Don't let past financial challenges stand in the way of your homeownership dreams.

Take the first step towards a brighter future by getting in touch with us to discuss your current situation, book your free no obligation appointment.