BAD CREDIT MORTGAGES

IF WE CAN'T HELP, IT'S NOT POSSIBLE-

IF WE CAN'T HELP, IT'S NOT POSSIBLE-

IF WE CAN'T HELP, IT'S NOT POSSIBLE-

IF WE CAN'T HELP, IT'S NOT POSSIBLE-

Getting a mortgage with bad credit

Here are just some of the reasons to choose ams: when you need speedy bad credit mortgages:

  • CCJ's, Defaults and Missed Payment Specialists
  • Access to whole of market
  • No initial credit checks
  • Fast decisions - within 1 hour
  • High success rate in providing adverse credit mortgages
  • Access to exclusive mortgage rates
  • We have hundreds of independently verified 5* reviews
  • Experienced team of mortgage experts

Worried you may struggle to get a mortgage because of your bad credit history?

We work with specialised mortgage providers who offer new mortgages and remortgage with bad credit solutions for people with poor credit histories. Speak to an ams: mortgage broker today.

CALL US NOW 0121 4000 052
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Bad Credit Mortgage Lenders

Securing a mortgage or remortgage with bad credit is challenging. All is not lost though! Speak to ams:, we have access to a number of bad credit mortgage lenders.

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Bad Credit and Mortgages

Like oil and water, bad credit and mortgages do not usually mix. Missed payments, IVA’s, CCJ defaults cause issues. We have bad credit score mortgages awaiting you though at ams:

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Free Credit Check

If you are not sure if you have bad credit, it is easy to find out. Simply visit www.creditexpert.co.uk from Experian and receive a free 30 day trial.

WE’RE NOT JUST GOOD, WE’RE AMAZING!

Read what our clients say about our service

WHY YOU SHOULD CHOOSE AMS:

We’ve helped many people across the UK secure mortgages, whether they are a foster carer, contractor or someone who has been refused on the high street.

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"IF WE CAN’T HELP
IT’S NOT POSSIBLE"

We have expert brokers on hand to help you every step of the way, you will find that if we cant help at ams: then generally it’s not possible!

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WE’RE NOT JUST GOOD,
WE’RE AMAZING

With hundreds of independently verified 5 star reviews, we pride ourselves on our service.

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WHOLE OF MARKET
MORTGAGE BROKERS

We have complete access to the entire market, giving you access to every current deal available. Including those from specialist
lenders.

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ACCESS TO EXCLUSIVE
MORTGAGE RATES

We have access to exclusive mortgage rates that you won’t find at mainstream and high street banks

"IF WE CAN'T HELP, IT'S NOT POSSIBLE"

TALK TO THE MORTGAGE EXPERTS

BAD CREDIT FAQS

Do ams: provide bad credit mortgages?

Yes. We have been providing expert adverse credit mortgages in this market for many years.

Is it possible to remortgage with bad credit?

Yes, it is possible to remortgage with bad credit. Having a good payment history on your existing mortgage would be helpful. Whatever your circumstances, call us at ams:, we are experts in this market.

How can your credit report impact your mortgage application?

A credit report is a term used to refer to a financial credit score report, which reports on a person’s history of managing money and repaying debt. Scores below 720 on the Experian credit report (a widely used credit scoring model) will impact a mortgage application. For an Experian, credit scores are - "Poor" is classed as 561–720 and "Very Poor" is 0–560. Any bad credit rating will make it difficult for a person to get approved for mortgage loans and other types of credit, and it also makes it more expensive for them to borrow money.

Are all types of bad credit score considered?

We will examine every situation separately and make a judgment on bad credit mortgages for each individual case.

Is it possible to quickly determine if I have a negative credit history?

Yes, it is. By signing up for a free 30 day trial at Credit Expert from Experian. They are one of the main credit checking companies in the UK. You can find out detailed information regarding your credit status in as little as one hour.

What factors could lead me to have a low credit score?

Certain aspects of your financial history can influence your credit score, examples of these include:

  • Failing to pay credit cards, loans, utility bills, or mortgage instalments
  • Being in the middle of a debt relief procedure such as an Individual Voluntary Arrangement (IVA) or having previously been declared bankrupt.
  • Records of County Court Judgements (CCJ’s) or Defaults held against you
  • If you have borrowed from a short-term (pay day) loan provider
  • Identity theft can lead to fraudulent charges, late payments, and other negative marks on an individual's credit report
  • An excessive number of credit enquiries or too many loan or credit card applications in a short amount of time

 

But all is not lost, why not speak to us about our range of bad credit score mortgages?

Will high street lenders still approve my mortgage application if I have bad credit?

We maintain direct contact with all the major UK underwriters. This enables us to consider each case separately and thoroughly before submitting a final application for approval.

What should I do if high street mortgage lenders reject my application?

Speak to our team of experts at ams: We have a wealth of experience working with lenders in the adverse credit market. We are highly successful in helping people with bad credit to secure adverse credit mortgages.

What is the estimated timeline for a decision?

We aim to provide you with a decision in principle within an hour once we have received all the necessary information.

Why can a bad credit score cause a provisionally approved mortgage to be refused?

A bad credit score might cause a provisionally approved mortgage to be refused because it indicates that the borrower is a risky investment. Lenders are more reluctant to provide a mortgage to someone with a low credit score, as it means that the borrower has had difficulty managing their finances in the past and may not be able to make payments on the loan in the future. So, a low credit score can cause a previously approved mortgage offer to be refused subsequently.

What is the typical mortgage deposit required for mortgages for individuals with bad credit?

The deposit required is likely to between 10% and 15%, depending on the findings of your credit report. If there is a lot of negative credit information on your file, bad credit mortgage lenders may see you as a greater risk and may therefore require a higher deposit.

What is the maximum mortgage amount I can apply for when buying a house with bad credit?

There is no maximum amount figure. This depends on your income (joint if applying with a partner), the level of deposit you have available and, of course, the circumstances surrounding your bad credit status. Whatever, we can help – even with larger mortgages, so contact us!

Do you need to be on the electoral roll when getting a mortgage with bad credit?

Ideally, yes. Credit referencing agencies use the electoral register to both confirm the identity of credit applicants and also to counteract fraud. Not being on the electoral register will be a negative in any mortgage application. This is especially the case with bad credit mortgage applications.

Do you have any blog articles about bad credit mortgages?

Related article

This article from the ams: blog is recommended on the topic of bad credit:

MORTGAGE CALCULATOR

HOW MUCH CAN YOU BORROW?

As a guide, you could potentially borrow around:

The figure above is calculated based around current lender criteria and may not be representative of the actual figure you may be able to borrow.

Want to find out more? Call 0121 4000 052

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