Learn all you need to know about Bad Credit Mortgages - call our specialists today!

How to use a Bad Credit Mortgage broker

If you have a poor credit history and want to get a mortgage then a broker who specialises in mortgages for people with bad credit could be the solution. Bad credit mortgage brokers are experts in their field. They can help you find a lender that is willing to work with someone with a patchy financial past.

What does a bad credit mortgage broker do?

Using a broker means you don't have to go through the process on your own – and can help you gain access to niche lenders. They can also provide advice on how to repair your poor credit score and get back in good financial standing.

Help to improve your credit score

Find the right broker for you and they can also offer a more holistic service, helping you understand and improve your low credit score, so that you can be eligible for better terms on future loans.

Dealing with any kind of money difficulties can be daunting, so having an expert on hand is the perfect solution if you're looking for a way to get back in good financial standing without having to go through the process alone.

Explore all your options

Your broker should look at all of the different adverse credit mortgage options available to you, evaluating each one individually and helping you choose the best for your situation. With their experience, they can save you time, money, and stress by finding the right loan product for your needs.

Explain every little detail

A broker with specific experience of securing bad credit mortgages will be knowledgeable about the various types of loans available, so they can help you understand all of the terms and conditions that come along with a bad credit mortgage. They can provide guidance on which loan product will be best for you and ensure that you get the best terms and interest rate available.

How much does it cost to use a broker?

Bad credit mortgage brokers normally have a fee structure associated with their services, though the exact cost can vary depending on the broker and your particular situation.

Flat fee or percentage rate?

Some may charge a flat fee, others a percentage. Some won’t charge you at all but will instead work on a commission from the lender. Before you enter into any kind of agreement, it’s important to make sure you fully understand the costs involved and are happy you’re getting the best deal for you.

Save time and minimise stress

If you’re wary about spending money on a broker, remember that they should be able to save you not just significant amounts of money over the lifetime of your loan, but also considerable time and stress, making them an invaluable resource when it comes to minimising your chances of having your mortgage application declined.

What lenders do bad credit mortgage brokers use?

Brokers who have a good range of experience in securing mortgages for people with previous financial problems are typically familiar with a variety of different lenders and their offerings.

Existing relationships

Brokers can be very specific about who they approach depending on the severity of your issues. For example, there will likely be lenders who will be open to an application from someone with minor defaults but nothing more serious, while other specialist lenders will be open to mortgages with CCJs or even mortgages after bankruptcy.

Niche lenders

Bad credit mortgage brokers have access to niche lenders who have a higher tolerance for risk and therefore are often willing to work with someone with poor credit. These lenders aren’t your typical high street banks and are likely to be hard to find on your own, making a broker’s help really invaluable.

Unique products

By working with a specialist broker, you can be sure that you are making an informed decision and getting the best deal possible. Brokers have the knowledge and resources needed to find you just the right loan product, with terms and an interest rate that are fair.

Will a bad credit broker do a credit check?

It’s important for your broker to have as full a picture as possible of your credit history so that they can give you the best advice - and the highest chance of having your mortgage application accepted.

Access your own Credit Report

The simplest way to do this is for you to get up to date copies of your credit reports from several credit referencing agencies and to share the full details of these with your broker. Accessing information about your own credit does not impact your credit file or score in anyway, so this is the best way for your broker to get the information they need.

Be honest, not embarrassed

Although you might feel embarrassed or ashamed about some aspects of your financial history, it’s important to remember that your mortgage broker is not there to judge, they simply need an accurate a picture of your circumstances in order to find the loan and the lender that’s right for you.

If my mortgage is declined, do I need a specialist broker?

Trying to get a mortgage after you’ve already had an application declined can be tricky, as the credit searches carried out during your original application can have a further negative impact on your credit score.

Rather than simply repeating the process and ending up having your mortgage application declined again, using a broker who specialises in bad credit mortgages is a really good idea.

Find out why you’ve been turned down

A broker will be able to go through your credit history with you and help you understand:

  • Why you were turned down
  • What you can do to address any issues
  • Realistic next steps to take
  • What lenders to approach in future

They’ll also have access to niche lenders who are willing to take a risk on applicants with poor credit histories. These are often the sort of lenders you wouldn’t be able to find on your own.

Your broker will understand that everyone's situation is unique and aim to provide unbiased advice and impartial guidance, supporting you to make sure that you get the best deal possible.

Get a Quote

Ready to talk? Speak to an expert today: 0800 077 8980

Do your research and read our latest guides

How to improve my credit rating

Most people will be aware that they have a credit rating or credit score, but fewer will understand how it is calculated...

How to use checkmyfile

When it comes to checking your credit reports, it can be tricky to know where to start. You know that it’s important, but...

Mortgage credit reports and checks

Choosing and applying for a mortgage is a huge decision, and one that many people would agree can be stressful and...

Understanding your credit report

We understand that money can be a difficult topic for some people. If you feel like your finances have gotten a little out...

Bad credit mortgage lenders guide

While many high street banks and building societies are prepared to be sympathetic towards some less serious credit issues,...

Getting a Right to Buy mortgage with bad credit

The government’s Right to Buy scheme has opened up the possibility of homeownership for thousands of people in England by...

Getting a mortgage with a low deposit

As house prices in the UK continue on their seemingly ever upward journey, first-time buyers may be left with the feeling...

Getting a joint mortgage with bad credit

Looking to get a mortgage with your partner or spouse but worried that one of you has bad credit? Many people are anxious...

Can you get a mortgage after a repossession?

If you’ve ever been in the difficult position of having your house repossessed, you’ll understand the huge shock and stress...

Buy to let mortgages with bad credit

If you’re looking to buy a property to rent out as a source of income and as a long term investment, you’ll need a buy to...

Bad credit self-employed mortgage

If you work for yourself as a sole trader or freelancer then it can potentially make it more difficult to get a mortgage....

Bad credit mortgages - frequently asked questions

If you’re trying to get a mortgage with bad credit, you’ll probably have a lot of questions about exactly how the process...

Need to know more about bad credit mortgages?

Adverse Credit Mortgage

Looking For Adverse Credit Mortgage Lenders? We Are Experts in Adverse Credit Mortgages. Specialist Adverse Credit Mortgage...

Bad Credit Mortgages

We Are A Specialist Bad Credit Mortgage Broker. We Deal With Some of The Most Complex Bad Credit Mortgage Cases. We'll Scan...

Bad Credit Mortgage Broker

Specialist Bad Credit Mortgage Broker. We Specialise in CCJs, Defaults and Bankrupts - Speak With One of Our Bad Credit...

Bad Credit Remortgage

Remortgage With all Types of Bad Credit, We Accept CCJs, Defaults and Bankrupts - We Have Bad Credit Remortgage Experts...

CCJ Mortgage

Research all the options – not just mainstream lenders – and increase your chances of getting a CCJ mortgage....

Debt Management Plan Mortgage

Find out how and why you could still get a mortgage even after enrolling in a Debt Management Plan (DMP)...

Low Credit Score Mortgage

Understand how a poor credit score could affect your ability to get a mortgage and learn how to improves your chances...

Missed Payments Mortgage

If you have previously made late payments on credit accounts, a missed payment mortgage might be the ideal option...

Mortgage After IVA

We work with lenders who make it easier to borrow even if you have an Individual Voluntary Arrangement (IVA)...

Mortgage Declined

Just because you’ve had a mortgage declined, it’s important to remember that you might still be able to get approved in the...

Mortgage Defaults

We Accept All Defaults, Unsatisfied or Satisfied Defaults and any Size. Speak With Expert Mortgage Brokers Today....

Mortgage After Bankrupt

Getting A Mortgage After Bankruptcy? Speak With Bankruptcy Mortgage Experts. Apply Online Today!...

Poor Credit Mortgage

Poor Credit Mortgage Broker, We'll Scan The Market to find You The Best Poor Credit Mortgages. Speak With An Expert Adviser...

We're super confident our Bad Credit Mortgage adviser can help you ​gain approval

Been struggling to get your mortgage approved? We know how important it is for you to have complete confidence in us. Put your trust in our advice and you'll definitely improve the chances of a mortgage approval - at the best available rate.

Get a Quote

What our clients are saying

  • Very friendly team. We initially started with Harry. He was polite, informative and very understanding Lovely guy along with his colleagues. Would re...
    Caron
  • I owe the swiftness of my purchase of a house to Laura H and the team at Mortgage Key. This was the first time I had bought a house by myself and the ...
    E Freeman
  • Great service. Laura really listed to what I needed and matched product to my requirements. Would definitely recommend
    Mr/s Short
  • Absolutely fantastic service yet again Connor Amelia and Carl amazing service delivered yet again but I knew this anyway Absolutely fabulous and so ...
    Emma Williams
  • Very quick and efficient throughout the whole process, which takes away some stresses of moving house. Great communication and updates throughout each...
    Laura
  • Would definitely recommend Mortgage Key
    Miss Mccann
  • I'm very happy with the fantastic service. Thank you.
    Nick Colquhoun
  • Experienced and helpful from start to finish. Harry Burkill gave great advice for my BTL mortgage and the rest of the team very efficient!
    Liam Dunn
  • Dayle was absolutely first class throughout. Couldn’t recommend highly enough.
    Jordan
  • Mortgage Key has helped me secure my mortgage very quickly and in a very helpful and professional manner. All the staff that I have dealt with was ver...
    Nazia Shamim
  • I have been dealing with for years now and tgeg are reliable, competent and experienced in mortgage advisor.
    Olalere
  • Very fast and all ways kept in formed on progress.
    Gary Nickels
  • Was very impressed with the speed of everything.
    Mr Michael P King
  • Heywood was really quick in responding to me and finding the best deal. He also made it easy to review different approaches (higher/lower deposits or ...
    KB
  • Very efficient and knowledgeable
    Dave Brown
  • Great experience. Tracey and Carl have both been fantastic. The fee they charge is minimal for the amount of work and support they provide. Would 100%...
    Daryl Broughton
  • Really positive experience. MortgageKey were able to turn round a confirmed re-mortgage offer in a timely manner, when others couldn't. Neither was th...
    Customer
  • I first called MortgageKey almost 2 years ago. Not only was I indebt I was also starting the process of a divorce and financial settlement proceedings...
    customer
  • Everyone was very helpful & they sorted it much more quickly than I expected Thank you Banyat
    Banyat Browning
  • Victoria was excellent. Had all the information to hand immediately as to the best deals.
    rosamonde carr

Trusted by our clients

Think Carefully Before Securing Debts Against Your Property.

Your Home Maybe Repossessed If You Do Not Keep Up With Your Repayments.

Ready to talk? Speak to an expert today: 0800 077 8980

Boost your approval chances - chat to us and Get a Competitive Quote