Struggling to get a mortgage due to bad credit?

We specialise in helping people with bad credit. Let us take the stress out of getting a mortgage.

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The Mortgage Specialist

Below are some of the lenders we work with

Brands We Work With
Brands We Work With
Brands We Work With
Brands We Work With
Brands We Work With
Brands We Work With

Why use The Specialist Mortgage Broker to find the perfect mortgage?

We specialise in helping people with bad credit. Many good people end up with bad credit due to circumstances out of their control, especially in the current climate.

Why should that mean that you can't own your dream home? It's our mission to ensure that isn't the case, we have access to a comprehensive range of lenders who are setup to help people in these situations, combined with our years of knowledge working in the mortgage industry we are perfectly set up to help you make your dream a reality.

Solutions we can deliver:

  • Purchase
  • Right to Buy
  • Shared Ownership
  • Help to Buy
  • Buy to Let
  • Re-Mortgage
  • Auction Finance
  • Secured Loan
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Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage

Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.
Why use us to find you the perfect mortgage?

Here at The Specialist Mortgage Broker, we can help with...

Bankruptcy

CCJ

Debt Management Plan

Defaults

First Time Buyers

IVA

Late Payments

Low Credit Score

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How it works...

Complete our short form

Once we receive your basic contact details, we will call you to discuss your specific requirements.

Let us do the heavy lifting

Once we know you, we will use our knowledge and tools to match you with the most appropriate option available.

Get the most appropriate offer for you

Sit back and enjoy your new mortgage.
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Whatever you're looking for, we can help you find the perfect solution

Why use The Specialist Mortgage Broker?

The Specialist Mortgage Broker can help you find the most appropriate deals on the market - not just from one lender.

With a broker you'll get:

  • Valuable knowledge, through years of experience helping customers to find mortgages
  • Help with the application process, as usually just one application can be used across various lenders
  • Advice on how to improve your chances, for instance getting a guarantor or applying for a joint mortgage
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Why use The Specialist Mortgage Broker

What people are saying about us...

Julie Burns

I would definitely recommend Ryan for all your mortgage needs and requirement. He has excellent knowledge, his fees are extremely fair, he talks you through things and is very patient during a stressful time of obtaining a mortgage and buying a house. Ryan has been brilliant all the way through from start to finish and will be using Ryan again in the future.

Raheema Asif

Ryan is an amazing mortgage broker!

He has been fantastic throughout the whole mortgage process. He is very friendly and highly professional. I cannot recommend him enough to anyone who need a mortgage broker. He is very reliable and efficient. He goes that extra mile for his customers and makes sure they are satisfied with everything and I am very happy that we found someone like Ryan himself to get our mortgage approved. Thank you Ryan for your help and support we really really appreciate it.

Laura Wheelton

Ryan is extremely professional, helpful and supportive and we cannot thank him enough for helping us to secure a mortgage for our dream house! He has answered all our questions (and there's been a lot!) without hesitation and is always very prompt. I will be highly recommending Ryan to friends and family as we couldn't have asked for more!

Jeffrey Silver

I would just like to thank Ryan and Lizzie at Create for all the help and advice in obtaining our mortgage for our dream home!! Due to various issues we had problems obtaining a mortgage but Ryan was able to not only find a lender but also put our minds at rest that it would be approved. Both Ryan and Lizzie were very responsive and helped push the process through as quick as was possible. They are a credit to the company and the profession!!

Sithabiso Sibanda

EXCELLENT SERVICE

From the start Ryan @ The Specialist Mortgage Broker was super efficient, quick to deliver and constantly transparent.

He went above and beyond to find the best deal for my situation as a first time buyer. Highly recommend 100%..

Thanks again, Ryan

Adam Neill

Ryan was amazing throughout the whole process, really knows his stuff kept me well informed. Would highly recommend to anyone that is looking for a mortgage advisor

Julie Hamilton

Excellent service from start to finish with Ryan from The Specialist Mortgage Broker. He kept us fully updated with processes and has a professional yet friendly manner. We would definitely recommend and also utilise his expertise again with any future financial matters.

Keeley Watts

Ryan is a fantastic mortgage advisor and talked us through every step of the process putting our minds at ease when things started going sideways. I couldn't recommend Ryan any higher.

Exlin Instruments

Ryan is an amazing person. 5* for him. He got the mortgage so nicely and smoothly. He is so calm and patient with his work. I can not recommend him enough. If you like a calm, patient and nice mortgage advisor go for him. He is amazing. He does alot for his client.

Klaudia Strang

Ryan was absolutely amazing!

After being told we couldn't get an AIP because of a blip on our credit reports (missing cc payment 2 years ago), Ryan completely put our minds at ease. During the initial chat he was friendly and warm, explaining how he can help. We submitted all the docs etc and had the AIP the following morning. This was 2 weeks ago, and we had our mortgage offer over the weekend.

He is efficient and effective, and it helps that he is also super friendly and calming. Couldn't recommend him enough!

Lyndsay Dick

After struggling to find a mortgage right for us we came across Ryan, from the start he had great communication, knowledge and the contacts we had been looking for. After searching for the right lenders we have received our mortgage offer, he was very patient with us especially with the many questions I had for him. Highly recommended to anyone who isn't finding what they need on the High street.

Ross Brown

Dealt with Ryan with my complicated situation and terrible credit history. Excellent service start to finish kept in the loop the whole time. Would definitely recommend.

Jon West

Ryan was very efficient and kept me informed all the time, including evenings and weekends. He showed his knowledge of the market as a provider was trying to add on extra charge when not needed and Ryan got me a better deal with another provider that has know been confirmed. Will use him again and recommend others to use him if looking for a mortgage or re-mortgage.

Jane Noake

Ryan has been brilliant throughout my mortgage application. He found me the best deal to suit my circumstances. I was always informed of the progress - he suggested alternatives if he thought I needed. Lovely bloke to deal with! Thanks Ryan I can't recommend you enough!!

Hena Begum

What can I say! Ryan literally made my wish come true as it seemed quite difficult for us the past couple of years to get a mortgage after failing a couple of times. It was disheartening to say the least! With Ryan's help who was superb the whole way through, we managed to secure our mortgage! I've never been so grateful and its all thanks to Ryan's dedication and help that got us to the finishing line. So happy and pleased 😊 Thankyou so much Ryan! Forever grateful x

Gary Moore

I cannot recommend Ryan Bowers highly enough .

Ryan from the start put you at ease , he went through the process very clearly .

He was always in contact explaining what we needed to produce & what documents he required for every step of the process .

I do work in a service environment & must say the service we received from Ryan was first class . We always felt confident that he would produce the goods . He is a 5 star performer & I would whole heartily recommend him .

Craig Lilly

Had just about given up on getting a mortgage and Ryan went above and beyond always available to answer any questions we had got us a mortgage. Extremely helpful and very knowledgeable wouldn't hesitate to recommend

Ayanda Stephens

Fantastic company, I would be giving them a 10 star if I could, Ryan is an amazing broker, he listens to his clients, pleasant to work with, he genuinely wants to help his clients, I went to Ryan after having a bad experience with another company and he promised to help me and he surely delivered his promise and went above and beyond. I highly recommend this company and I will be for sure using them again in the future with no doubts whatsoever.

Nicolle Worthington

From start to nearly finished Ryan has gone above and beyond for us to get our first home taken the stress away and sorted everything he made it so smooth I HIGHLY RECOMMEND Ryan to anyone nothing is too much thank you so much Ryan.

Why use The Specialist Mortgage Broker

About The Specialist Mortgage Broker

Who is The Specialist Mortgage Broker for?

We are here for people who have been knocked back, the people who have told themselves there is no hope! We love nothing more than listening to your story and helping you find the most appropriate mortgage solution and failing that we will do our best to get you set up to be able to access a mortgage in the near future. If we can't help you today, we'll point you in the right direction and stay in touch until you're ready to proceed. We look to use lenders who realise that life happens and are happy to take a common sense approach, rather than telling you no and leaving you feeling lost.

We are real people who know how difficult it can be to get a mortgage with bad credit, we see this first hand which is why our extensive knowledge of lenders criteria allows us to find you the right mortgage.

Types of Bad Credit we specialise in

  • Bankruptcy
  • CCJ
  • Debt Management Plan
  • Defaults
  • First Time Buyers
  • IVA
  • Late Payments
  • Low Credit Score
About The Specialist Mortgage Broker

Bankruptcy

Bankruptcy is a legal proceeding involving a person or business that is unable to repay their outstanding debts. The bankruptcy process begins with a petition filed by the debtor, which is most common, or on behalf of creditors, which is less common. All of the debtor's assets are measured and evaluated, and the assets may be used to repay a portion of the outstanding debt.

Can I get a mortgage with a Bankruptcy?

It is possible, but it is significantly more difficult, a lender will be interested in how many years have passed since the Bankruptcy was discharged. If you've been made bankrupt in the past and you're concerned about how it will impact upon your borrowing in the future, we have a wealth of experience advising people in similar situations. It may seem like it's impossible to get a mortgage, however, lenders we're in regular contact with will make an assessment using various factors, such as your personal circumstances, your credit history and any other historic debt problems.

How will having a Bankruptcy impact getting a mortgage?

A person who has had a Bankruptcy registered will be in a difficult position when finding a mortgage, it's not impossible though, if you were discharged from a bankruptcy 5 years ago for example you may be able to get a mortgage with a 10% deposit, someone who was discharged from a Bankruptcy 2 years ago will likely need a 30% deposit before a lender would be willing to look at a mortgage for you. If you have a Bankruptcy we would recommend getting in touch to discuss your situation to see if we can help.

CCJ

A County Court Judgement (CCJ) is a court order that creditors can apply for against you if you don't repay money owed. If the courts issue the CCJ, this means they agree with your creditor and will order you to pay the money back. You'll usually have fair warning of this happening through a court summons and a CCJ will usually follow late payment notices and a default letter.

If you pay the full amount owed within one month of the CCJ being issued, it shouldn't be recorded however if you fail to do this and your CCJ is recorded, it'll stay on the register for 6 years.

Is it possible to get a mortgage with CCJ?

YES, it may be possible. The Specialist Mortgage Broker has a wealth of experience when dealing with adverse credit, yes, a CCJ will make it more difficult to find a mortgage but it's not impossible.

How will having a CCJ impact getting a mortgage?

Lenders will take a keen look at your credit profile when making a decision regarding lending, the factors that are important when considering a CCJ is when it registered and how much the CCJ was registered for, for example if your CCJ was registered more than 6 years it will have dropped of your credit report meaning your credit profile will look a lot healthier. If the CCJ was registered within 6 years it will be visible by the lender and this is where an experienced mortgage broker can help. The more time that has passed since the CCJ was registered the more options there will be available for you to get a mortgage, however you could still get a mortgage even if a CCJ was registered in the last year.

Lenders will also look at the size of the CCJ, for example if the CCJ is below £300 it will be a lot easier for you to get a mortgage than if the CCJ is for £3000, the type of the CCJ can also play an important role, a telecommunications CCJ won't as detrimental as a CCJ for a credit card.

Debt Management Plan

A debt management plan will allow you to repay your debts in a way that is more manageable. It will essentially allow you to make more affordable payments toy your creditors.

Can I get a mortgage with a Debt Management Plan?

Yes, it is possible to get a mortgage with a debt management plan, if it has been active within the last 6 years a lot of lenders will automatically decline, however there are several lenders who are more interested in how the DMP has been maintained, and so long as you are making the payments on time to your debt management plan lenders maybe will be willing to consider your case. We always advise getting in touch if you are looking to get a mortgage with a debt management plan.

How will having a Debt Management Plan impact getting a mortgage?

Having a debt management plan will likely mean that you will need a bigger deposit in order to be considered for a mortgage, we would typically recommend that you have at least a 15% deposit before considering getting a mortgage with a debt management plan. Although it may still be possible to get a mortgage with a smaller deposit, if you are unsure please get in touch and we can review your situation to see if would be possible.

Default

What is a Default?

A default notice is a formal letter sent by your creditor after a number of missed repayments and will typically include:

  • The terms you have broken in your agreement
  • How much you need to pay
  • The date you will need to make this payment by
  • The consequences that will occur if you fail to comply
  • The length of time you have to respond to the notice (typically within 14 days)
A default can remain on your credit file for up to 6 years and will be visible to anyone you make a credit application with during this time.

Can I get a mortgage with a default?

Yes, you could get a mortgage with a default, The Specialist Mortgage Broker has successfully helped many clients to get a mortgage whilst having a default on their credit report. It will be more difficult, and you may be restricted to more specialist lenders but it's certainly not impossible

How will having a default impact getting a mortgage?

Defaults tend to be one of the most common reasons for being refused a mortgage, a lot of high street lenders have a zero-tolerance approach, however depending on the type of default, when it was registered and how much the default was registered there may still be options available.

IVA

What is an IVA?

In England and Wales, an Individual Voluntary Arrangement (IVA) is an agreement whereby you outline how you will repay your debts. It can be a beneficial solution to those who potentially are facing bankruptcy, as it provides your creditors with a schedule of repayments. If it is possible to obtain an IVA, it must be approved by a court, as it is a legally binding agreement between you and your creditors stating when and the quantities in which you will pay back your debts. By the nature of the name, it is your decision as to whether you obtain an IVA, but we have a team of expert brokers to assist you with your decision.

Can I get a mortgage with an IVA?

As each client's circumstances will be different, we cannot guarantee that the answer will be "yes", however is some circumstances it may be possible. Whether you have completed your IVA or are still making payments, you may be able to get the right mortgage product with The Specialist Mortgage Broker. We have access to a range of specialist IVA mortgage lenders, helping you find exclusive deals that fit your needs

How will having an IVA impact getting a mortgage?

There is no "off-the-shelf" solution. Applications, lending criteria and product availability vary; therefore, we must build a strong understanding of your unique financial situation and long-term goals. Whether you're looking to remortgage or secure a first-time buyer mortgage, our experienced IVA mortgage brokers research deals across a comprehensive range of lenders in the mortgage market, communicating directly with lenders whilst coordinate all of the paperwork to save you time and money.

Late payments

What is a payment?

A late payment is an amount of money a borrower sends to a lender or service provider that arrives after the date that the payment was due or after a grace period for the payment has passed.

Can I get a mortgage if I have had a late payment?

Yes, it is still possible to get a mortgage if you have had a late payment, it all depends on when the late payment occurred and how many late payments there were. We deal with these types of mortgages on a daily basis so we know which lenders to approach who will likely consider the case.

How will having a late payment impact getting a mortgage?

Having a late payment on your credit report can impact your chances of getting a mortgage, Late payments aren't considered to be a severe credit issue, especially if it's only happened once or twice. That said, recent problems can be a cause for concern.There are lenders more than willing to consider a mortgage after late payments. Going to the right lender in the first instance can save you time and money and help you secure the home you want.

Low credit score

What is a low credit score?

A low credit score is the number that is given to you on your credit report, your score is typically given out of 1000 although this can vary amongst different credit reference agencies, and a credit score below 650 is typically considered to be a low credit score. When it comes to your credit score there are a lot of different reasons for a having low (or no) credit rating. It can quite simply be because you haven't had any credit commitments in the past or it can be due to adverse credit. Whatever your situation, we can improve your chances of unlocking deals that simply aren't available to customers going direct.

Can I get a mortgage with a low credit score?

Yes, it is still possible to get a mortgage with a low credit score, a lot of the lenders that we use will carry out a credit search rather than a credit check, this means that rather than a computer telling you no for not meeting a certain credit score, the will lender will approve your mortgage based on whether you meet certain criteria with a specific lender. For example, a lenders criteria may be that you haven't had a default in the last 2 years. As long as your credit profile reflects this you may be approved regardless of your credit score.

How will having a low credit score impact getting a mortgage?

Having a low credit score can impact your chance of getting a mortgage with a lot of lenders, a lot of the high street lenders for example will have an internal credit score that you need to meet before you will be accepted for a mortgage. This can be disheartening but it doesn't mean you can't get a mortgage, a lot of the specialist lenders that we work with are of this situation and which is why they credit check in a different way.
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Frequently Asked Questions

Yes is it, a bad credit mortgage is similar to a regular mortgage, there are many specialist lenders as well as some high street lenders who will be willing to consider your case depending on your credit profile. A bad credit mortgage typically requires a bigger deposit, normally around 15% although it is possible in some scenarios to get a bad credit mortgage with a 10% deposit. The rates tend to be adapted according to each individual's circumstance, but they can be higher than what you would expect to see on the high street.

The best way to find out if you have adverse credit is to get a copy of your credit profile, we recommend “Check My File” because they produce one credit report containing the 3 major credit reference agencies Experian, Equifax, and TransUnion. This is really handy because it will give you a great view of your credit history, and it's also who the lenders will use when checking your credit profile.

A bad credit mortgage typically requires a bigger deposit, we would normally recommend that you have a deposit of at least 15%, although it might be possible to get a mortgage with a 10% deposit. There are also schemes available through the government which could boost your deposit if you only have a 5% available, although these schemes tend to be available to first time buyers. If you are unsure though, please get in contact and we will run through the options with you.

If you are self employed it can prove to be a little more difficult to get a mortgage, most lenders will require 2 years accounts before they will consider a mortgage for you, although there are options available with some lenders if you only have 1 year's accounts. We would always recommend having a conversation with an advisor if you are unsure about your self-employed income and we can guide you in the right direction.

Most lenders will want to proof of ID which can be a passport or a driving license, 3 months bank statements and proof of income. If you are full time employed this will usually be 3 months payslips and if you are self employed the lender will generally ask for 2 years tax calculations and tax year overviews.

Your credit profile is crucial to a lender deciding whether they should lend to you or not, it is therefore imperative to be able to analyse and understand exactly what is showing on your credit report. At the Specialist Mortgage Broker, we pride ourselves on having an excellent understanding of all the key areas on your credit report, and we know what lenders will be looking for which is why we have been able to help many clients when they have been knocked back previously.
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