It is considered harder to get a mortgage if you have adverse credit on your profile, but it is still possible. Fewer lenders will accept a mortgage application with adverse credit as they see this as a higher risk to them. Here at LTC Mortgages we will place you with the correct lender for your circumstances as there are still a number of lenders that will accept this as long as it fits their criteria.

Minor credit issues like one missed payment won’t stop you getting a mortgage but if there is something on your credit report such as a CCJ (County Court Judgement) or you have recently been declared bankrupt this may hinder your chances of being accepted for a mortgage. If you have been rejected for a mortgage elsewhere then LTC Mortgages will assess your financial situation and will provide you with all options available to you.

There are different things that can impact your ability to get a mortgage, they are:

1.      Late or missed payments on credit arrangements

2.      Mortgage arrears

3.      Previous repossessions

4.      Bankruptcy

5.      Had a county court judgement (CCJ) in the last six years

6.      Debt management plans or Individual voluntary arrangement (IVA)

The mortgage lender may request more documents from you compared to someone with perfect credit such as, additional payslips or bank statements, they may also ask for credit card statements for proof of the outstanding balances and interest rates. If there is a default on your credit profile that has been paid and satisfied for example, then the lender may also request a letter from the provider to evidence this.

If you are able to wait until your bad credit has improved, then this could be a better option for you as a bigger deposit may be needed and if this isn’t affordable for you then it might be beneficial for you to wait a couple of months and come back to us so we can reassess your situation. You will also be offered higher interest rates and possibly increased fees.



There are ways to improve your credit such as:

1.      Pay utility bills on time

2.      Don’t miss any repayments for loans or credit cards

3.      Pay off loans and credit cards if you can – Close down unused credit, for example a credit card you             no longer use

4.      Get on the electoral register

5.      Don’t miss mortgage payments

At LTC Mortgages we will request a credit report from you, we use Check my File as this shows all credit from the main three credit agencies which are Experian, TransUnion and Equifax, this gives us a more accurate insight to your credit history, we don’t tend to look at your credit score as its what’s on the report that matters.

We are based in Liverpool, West Derby, if you would like to contact us to discuss your options then pop into our office or you can call us on 01516620188 or email on [email protected].