Not all services we offer are covered by the FCA
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Not all services we offer are covered by the FCA
Bad credit doesn’t mean no to homeownership—with the right approach, a bad credit mortgage can still put you on the path to owning a home in the UK, and at Frida Finance, we help make that possible every day.
Can you get a mortgage with bad credit?
Yes — it is possible.
Getting approved depends on the severity of your credit issues and how recently the problems occurred. Lenders check whether the issues were missed payments, defaults, or serious problems like CCJs or bankruptcy.
You are more likely to get a mortgage if you can show:
Most bad credit mortgage lenders UK prefer a lower LTV, meaning you’ll usually need a 20–25% deposit.
A larger deposit reduces risk and improves approval chances, especially for mortgages with bad credit but a large deposit.
Bad credit mortgage loan rates are higher than standard rates because lenders are taking on more risk.
Typically, you may pay 2–4% more than borrowers with clean credit histories.
Lenders don’t treat all bad credit equally:
These high-street banks, such as HSBC or Barclays, tend to use automated credit scorin, which may result in a refusal. But there are specialist lenders who evaluate applications manually and are concerned with affordability. That is why it is essential to cooperate with the brokers who are aware of the list of bad credit mortgage lenders UK, because they are aware of various losses in real life. See how specialist lenders work .
A bad credit mortgage calculator helps you estimate:
Plan the bad credit mortgage loan realistically with a bad credit mortgage loan calculator.
If full ownership feels out of reach, shared ownership mortgage bad credit options allow you to buy a portion of a property and pay rent on the rest.
These schemes reduce deposit size and can be ideal for first-time buyers with credit issues.
Each lender has a different risk appetite, but commonly reviewed issues include:
Specialist mortgage lenders with bad credit history often accept older or settled issues.
High-street banks rely on automated systems and strict criteria.
Specialist lenders, on the other hand, manually underwrite cases—looking at context, not just numbers. This is why bad credit mortgage lenders UK play a vital role for borrowers who don’t fit standard profiles.
In joint applications, lenders assess both credit histories.
If one partner has strong credit and income, approval is still possible, but terms may be affected.
This is common with mortgages for people with bad credit applying as couples.
You can add a Notice of Correction to your credit file explaining missed payments due to illness, redundancy, or emergencies.
While not guaranteed, it can help lenders understand the story behind the numbers and get a mortgage with bad credit history.
Timing can make a big difference when applying for a bad-credit mortgage.
Even a few months can improve your chances if used wisely. If your missed payments or defaults are over 12 months old, many bad credit mortgage lenders UK view your case more positively. Lenders prefer to see a recent pattern of on-time payments, stable income, and no new borrowing. Applying too soon after a credit issue often leads to higher rates or rejection. Waiting 6–12 months while saving a larger deposit and improving affordability can unlock better mortgage rates for bad credit history.For many buyers, the smart move is to prepare first, then apply once your profile matches what mortgage lenders for bad credit history are actively approving.
A bad credit mortgage is not a dead end—it’s a different route.
With specialist lenders, the right deposit, and expert guidance from Frida Finance, owning your home in the UK is still achievable.
Usually, a 15–25% deposit is required, but some government schemes can also help to get a mortgage.
Most defaults and CCJs stay for 6 years.
Yes—multiple hard searches can lower your score, so always use a broker first.
Yes, expect rates to be 2–4% higher than standard mortgages.
Naturally, of course, lots of borrowers refinance a loan to clear and fix their credit in the future.
Your consultant will confirm the amount before you choose to proceed but we estimate it to be 1% of the total borrowing.
