Bad Credit Mortgages

With the income you've told us about, this is the amount lenders may be willing to let you borrow. Some lenders may offer you more or less, based on their own criteria.

Lenders are typically willing to lend 4-5 times your income. We've calculated this number by taking your income of £ and multiplying it by . Some lenders may offer more or less of an income multiple depending on your situation.

This is an estimate of your monthly repayment, based on the interest rate and mortgage length you entered. To lower your monthly repayments, you can increase your deposit or mortgage term.

Monthly mortgage repayments are based on the loan amount (principal), interest rate, and loan term, using a formula that accounts for both interest and reducing the principal over time.

Loan to value (LTV) is the percentage of the properties value borrowed using a mortgage. Lower LTV's are considered less risky and lenders may offer better interest rates as a result.

LTV is calculated by dividing the loan amount by the value of the property and then multiplying by 100 to get a percentage. E.g. if you borrowed £90k to buy a £100k house, your LTV would be 90%. To lower your LTV, increase your deposit or buy a cheaper property.