The Low Credit Mortgage Co

More and more people are finding the need for advice from mortgage brokers due to low credit ratings and/or blips on their credit reports including missed payments, defaults and CCJ’s.

Introducing… The Low Credit Mortgage Co

We’re here to help anyone with a low credit rating or previous issues relating to their credit file get a mortgage which suits them!

We will search all of our specialist lenders including those who do not credit score to get you the best deal available.

The Low Credit Mortgage Co

More and more people are finding the need for advice from mortgage brokers due to low credit ratings and/or blips on their credit reports including missed payments, defaults and CCJ’s.

Introducing… The Low Credit Mortgage Co

We’re here to help anyone with a low credit rating or previous issues relating to their credit file get a mortgage which suits them!

We will search all of our specialist lenders including those who do not credit score to get you the best deal available.

General Information

Whilst we can help many people with their mortgage, sometimes (especially if the blips on your credit file are recent), we may not be able to help right away. But rest assured, we will create a plan bespoke to yourself and your goals to ensure you can purchase and/or remortgage as soon as possible.

The mortgages available to you will depend on your individual credit profile and we need to take into account the dates, values and account type to check your eligibility with mortgage lenders. Use the link below to download your credit report from Check my File, you can then email a copy to lowcredit@adamsmortgagegroup.co.uk, we will review your credit report before contacting you to discuss your requirements.

CheckmyFile

Sign up for a 30-day free trial after which a £14.99 fee applies, the subscription can be cancelled at any time.
Or you can also access this free from:
ClearScore offers you access to your credit report free for life through Equifax.
Credit Karma offers you access to your credit report free for life through TransUnion.

What can affect your credit score?

  • Late or missed payments.
  • Bankruptcy, IVA, DRO, DMP, CCJ, Defaults
  • Pay Day Loans
  • Lack of credit history.
  • Having a high Debt to Income ratio
  • Applying for lots of credit accounts in a short period of time.

General Information

Whilst we can help many people with their mortgage, sometimes (especially if the blips on your credit file are recent), we may not be able to help right away. But rest assured, we will create a plan bespoke to yourself and your goals to ensure you can purchase and/or remortgage as soon as possible.

The mortgages available to you will depend on your individual credit profile and we need to take into account the dates, values and account type to check your eligibility with mortgage lenders. Use the link below to download your credit report from Check my File, you can then email a copy to lowcredit@adamsmortgagegroup.co.uk, we will review your credit report before contacting you to discuss your requirements.

CheckmyFile

Sign up for a 30-day free trial after which a £14.99 fee applies, the subscription can be cancelled at any time.
Or you can also access this free from:
ClearScore offers you access to your credit report free for life through Equifax.
Credit Karma offers you access to your credit report free for life through TransUnion.

What can affect your credit score?

  • Late or missed payments.
  • Bankruptcy, IVA, DRO, DMP, CCJ, Defaults
  • Pay Day Loans
  • Lack of credit history.
  • Having a high Debt to Income ratio
  • Applying for lots of credit accounts in a short period of time.

Top Tips for Low Credit Mortgage Applications

Review your credit report first, if you have a low credit score or any adverse credit, send your credit report to us for review. We will be able to advise you on the mortgage options based on your credit report.

If you are able, repay any outstanding defaulted accounts and/or CCJ’s.

When applying for a mortgage, some lenders run a full or soft credit check. This means that they will become aware of your credit history including any current or historic accounts that have impacted your score and your reliability when it comes to making repayments.

Not all lenders credit score, some lenders will complete a soft credit check, however, they ignore your credit score. These lenders are checking your commitments to ensure you have provided all existing credit accounts and check any adverse credit you have meet their individual criteria.

Your credit score is an indication of how you manage your money. If you have a good credit score, this shows lenders you keep on top of your finances and do not have high levels of borrowing. However, if you have a poor credit score, that could be a sign that you don’t manage your money well, that you are heavily reliant on credit or that you miss repayments. This means the lender is taking on a risk that you could fall behind on your mortgage payments.

It is still possible to get a mortgage if you have a low credit score, however, you may have limited options and it is likely you will have a higher rate of interest compared to someone with a good credit score. If you have a low credit score, there are still lenders that will accept you for a mortgage, but it could take more work to find the most suitable lender.

Top Tips for Low Credit Mortgage Applications

Review your credit report first, if you have a low credit score or any adverse credit, send your credit report to us for review. We will be able to advise you on the mortgage options based on your credit report.

If you are able, repay any outstanding defaulted accounts and/or CCJ’s.

When applying for a mortgage, some lenders run a full or soft credit check. This means that they will become aware of your credit history including any current or historic accounts that have impacted your score and your reliability when it comes to making repayments.

Not all lenders credit score, some lenders will complete a soft credit check, however, they ignore your credit score. These lenders are checking your commitments to ensure you have provided all existing credit accounts and check any adverse credit you have meet their individual criteria.

Your credit score is an indication of how you manage your money. If you have a good credit score, this shows lenders you keep on top of your finances and do not have high levels of borrowing. However, if you have a poor credit score, that could be a sign that you don’t manage your money well, that you are heavily reliant on credit or that you miss repayments. This means the lender is taking on a risk that you could fall behind on your mortgage payments.

It is still possible to get a mortgage if you have a low credit score, however, you may have limited options and it is likely you will have a higher rate of interest compared to someone with a good credit score. If you have a low credit score, there are still lenders that will accept you for a mortgage, but it could take more work to find the most suitable lender.

How We Can Help

If you are unable to get a mortgage or you can get a mortgage, but the interest rate is high, we will create a roadmap bespoke to you to either get you a mortgage or to get you a better rate.

This will be a plan designed around your credit history and personal circumstances which outlines any actions you can take to improve your credit score to meet lenders’ criteria. We will also provide you with timescales so you now when you can start revisiting your mortgage options.

Do not let adverse credit or a low credit score hold you back from getting a mortgage. We have dealt with many clients in similar situations, and we are happy to discuss your options.

We are able to help you out when the high street lenders say No. Our Specialist Lenders cover a wide range of deals for all circumstances, we will be able to find the deal right for you despite your previous credit history.

How We Can Help

If you are unable to get a mortgage or you can get a mortgage, but the interest rate is high, we will create a roadmap bespoke to you to either get you a mortgage or to get you a better rate.

This will be a plan designed around your credit history and personal circumstances which outlines any actions you can take to improve your credit score to meet lenders’ criteria. We will also provide you with timescales so you now when you can start revisiting your mortgage options.

Do not let adverse credit or a low credit score hold you back from getting a mortgage. We have dealt with many clients in similar situations, and we are happy to discuss your options.

We are able to help you out when the high street lenders say No. Our Specialist Lenders cover a wide range of deals for all circumstances, we will be able to find the deal right for you despite your previous credit history.

Contact Us for Assistance with Your Low Credit Purchase

Contact Us