Adverse Credit Mortgages
Your credit profile may not be perfect, let us help you.
Mortgages can be difficult to qualify for if you have adverse credit so picking the correct lender is important.
Life-changing events such as divorce, unemployment and sickness can sometimes cause you to missing payments on your mortgage or other financial commitments.
These things happen to many people at some stage in their lives but once such problems are behind you, getting a mortgage should still be possible.
Kerr & Watson will take the time to understand your situation reviewing your credit file to then discuss your options.
What is an adverse credit mortgage?
An adverse credit mortgage is for borrowers who have negative payment information on their credit file. Although many lenders will reject your mortgage application if your credit history is poor, there are still some lenders that will consider lending.
Examples of adverse credit include the following:
- Low credit score
- High debt to income / high levels of unsecured borrowing
- Defaults / CCJs
- Debt management plans
- IVA / Bankruptcy
How long does adverse credit stay on your credit report?
Adverse credit will affect your credit rating and your ability to take out finance. This information will remain on your credit report for six years.
Can I get a mortgage with a poor credit score?
It’s possible to get a mortgage with a poor credit score, although you’ll probably pay higher interest rates and may require a larger deposit. There are mortgages designed for people with poor credit and some lenders specialising in this market.
Mortgage Calculator
Calculate your borrowing potential with our affordability calculator.
Identify what your monthly repayments would be with our repayment calculator.
Confirm your Stamp Duty costs with our Stamp Duty calculator.
Get Your Free Credit Report
Find out your credit history and score at no cost and get a clear picture of where you stand.
Your Mortgage In 3 Easy Steps…
Conversation
Schedule a call to talk to a mortgage advisor about your goals, challenges and vision for your mortgage.
Alternatively give us a call on 01252 224620 or email us on info@kerrandwatson.co.uk.
Research
We will take the information gained on the call and carry out some research before sending you a bespoke recommendation.
If you would like an agreement in principle, we’ll also arrange this for you.
Application
We will submit the full application to the mortgage lender, sending them the documents and liaising with the underwriters until the mortgage has been fully offered on the new interest rate.
We will also communicate with you at every stage, from application to completion.
Featured In
Testimonials
Stay Ahead with The Kerr & Watson Mortgage App
Manage your mortgage with our free app, designed to help you stay ahead of interest rates, find the best deals, and make informed financial decisions effortlessly.
Download Now: