Struggling with a bad credit rating? Our mortgage advisors can help you find a lender that works for you, whatever your circumstances.
Bad credit ratings don’t mean you can’t get a mortgage. With many having been hit by financial difficulty in recent times, lenders have become more open to providing mortgages to those with lower credit ratings. When chosen correctly, these mortgages can still help you buy a home if you have a sufficient deposit.
Our mortgage brokers will work with you to find a deal that works for you, negotiating contracts with lenders and estate agents, and helping you get your dream property.
We also work with lesser-known mortgage providers, as many of the best rates can be found from mortgage lenders that specialise in helping those with bad credit.
How Our Mortgage Advisors Can Help:
We’re experts in finding great mortgage rates for those with bad credit ratings.
We find exclusive mortgage rates that won’t be found anywhere else.
We’ll work with you to find a mortgage, regardless of your current credit rating.
Free, no-obligation reviews of your current credit situation.
We’re directly Authorised by the FCA (Financial Conduct Authority).
How Can I Get a Mortgage With a Bad Credit Rating?
We’ll work with you to see what’s available to you. As specialist mortgage brokers, we’ve worked with hundreds of clients who have had bad credit ratings, helping them get access to the homes they want. Rite Mortgages can help even if you have any of the following:
A history of mortgage, loan or rent arrears.
Any county court judgements against your name.
Defaults or missed payments.
Any individual voluntary arrangements.
Any previous claims of bankruptcy.
If your previous home was repossessed.
Little or no credit history.
If you don’t know what your credit rating is, it’s easy and free to find out. Doing so will help you get a comprehensive understanding of your situation. From there, we’ll look at the options available to you and find the best rates we can, based on your report.
How Do I Repair My Credit Rating?
Most ratings can be fixed within one to two years with the right advice, which may even give you access to much better mortgage rates in the future, saving you a significant amount of money in the long run. We’ll look at the long-term and short-term benefits of the rates on offer, breaking it down into easy steps, helping you choose what’s best for you.
If you still want to get a home with your current credit rating, we’ll show you how to repair your rating while you’re paying it off. Once it’s in better shape, we’ll help remortgage your home to get a better rate in the future.