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The Mortgage Genie

Bad- Credit Mortgages

If you’ve ever had any credit issues in the past, it’s important to know there are bad-credit mortgages available to make owning your home achievable and affordable. The Mortgage Genie can help to put you in the strongest position possible to become a homeowner, wherever you’re based in the UK.
Our advisers are highly experienced in arranging mortgages for those with bad credit, including people with defaults, CCJs, IVAs, and bankruptcy. We can offer advice whether you want to buy your home, remortgage, or raise additional funds, regardless of your credit history.
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What is a bad-credit mortgage?

What is a bad-credit mortgage?

If you’ve ever had financial problems, there’s a good chance your credit score will have been affected and the standard mortgage market will offer limited options. However, there are specialist lenders out there who can still provide poor-credit mortgages suited to your needs.

How can The Mortgage Genie help?

Our specialist advisors are highly trained in dealing with adverse credit cases, and can provide guidance and access to products that aren’t available from banks, building societies, and other high-street lenders.
We can offer:

  • Specialist, personal advice to find the right deal for you.
  • A free initial consultation to get you started.
  • Free indicative quote with costs.
  • Access to a wide range of lenders and products that aren’t available on the high street.
  • Support and advice through the duration of your mortgage.

What can affect my credit check for a mortgage?

If you aren’t sure whether you need to consider an adverse-credit mortgage, we’ve outlined some of the things that can cause you to fail the credit check below. If you experienced any of these, you can benefit from our expertise.

CCJ (County Court Judgement)

A CCJ is a court order that is made in the UK and can be registered against you, or a company, if payments on any credit commitment aren’t made. A CCJ within the previous 6 years can affect the chances of having a mortgage application approved.

How we can help?

Our team of advisers successfully negotiate mortgages for clients with CCJs on a daily basis. Make sure you speak to us before incurring any costs associated with a property purchase. We aim to secure your mortgage funds first, then help repair your credit file and credit worthiness.

Default

A defaulted credit account normally occurs if you miss three or more payments on any credit commitment.

How we can help

Our team are very experienced in managing cases affected by defaults. Ensure you speak to us before incurring any costs associated with a property purchase, as our aim is to help secure the mortgage funds and start to repair your credit file.

IVA (Individual Voluntary Arrangement)

An IVA (Individual Voluntary Arrangement) is an agreement with the supplier of a credit agreement. They are implemented if there have been late or missed payments, and you are struggling to meet the repayment terms.

How we can help

We can provide access to specialist lenders that would be able to help. We would ensure that the case is structured correctly, giving you the best chance possible of being accepted.

Bankruptcy

Bankruptcy is the last resort if someone is unable to repay their debt. It is a form of individual insolvency with serious consequences, including putting a mortgage application at risk.

How can we help

We will work to put you in the best position possible to have a mortgage application accepted. Our team work with specialist lenders who can help, and have a very high success rate.

Late or Missed Payments

For those with some event on their credit file, no matter how small, high-street lenders may refuse their mortgage application. This is even true with just one or two late or missed payments.

How can we help

If you’ve ever had any late or missed payments, it isn’t guaranteed to affect your mortgage. However, it’s always worth seeking the advice of our team just to be safe.

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