Bad Credit Mortgage Calculator

Yes, it’s possible. It really all depends on the type of credit issue registered on your credit report, when it happened and how much the debt was for. Your choice of mortgage lender will also play an important part in whether your application is successful or not.

Read more about how this is possible in our guide: Getting a Mortgage With Bad Credit.

This will depend on the type of bad credit issue you’ve had and when it happened. For example, if you were only recently discharged from bankruptcy, your loan-to-value could be restricted, and you may need to make up the difference with a higher deposit, possibly up to 30% or 40%. But if you’ve had a late payment on your credit file from a number of years ago, then you may only need a 5% to 10% deposit.

To find out your credit score, we recommend using Checkmyfile* to examine your credit history thoroughly. 

Checkmyfile’s credit report will show you information from the UK’s top three credit reference agencies: Experian, Equifax, and TransUnion. By taking a multi-agency approach, Checkmyfile’s credit report will help you see the difference in how the credit rating agencies view you. 

Read our detailed Checkmyfile Explained guide to learn more.

*When you click through to our affiliate links, we may earn a small commission at no extra cost to you. We only recommend sites we truly trust and believe in.

Yes, it’s possible, but it may be slightly more difficult than if you had a perfect credit score. It all depends on the type of bad credit issue you’ve had since you originally took out your mortgage, how long since it happened, and the amount involved.

Read more in our guide: How to Remortgage With Bad Credit.

Yes, there are several specialist mortgage lenders who could look more favourably on applicants with bad credit. You won’t find them on the high street, but an experienced mortgage broker (like us!) will no exactly where to look.

Read more in our guide: Bad Credit Mortgage Lenders, and then make an enquiry to discuss your options with one of our Mortgage Experts.

Yes, it’s possible. It really depends on the severity of the credit issue you’ve had. The more severe issues will have a lower number of mortgage lenders available to consider your application, which means the interest rate you could be charged and the deposit you’ll need will likely be higher.

However, securing your mortgage at a slightly higher interest rate now could be worth it in the long run as you continue to repair your credit score and then possibly qualify for lower rates when you remortgage.