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Mortgage Hotline - Call Us 0117 313 7780

1.55% 2 Year Fixed

  • FREE Valuation

Representative Example: Overall Cost For Comparison 4.1% APRC. Mortgage of £120,000 on property valued at £200,000 over 25 year term. Fixed for 2 years after which reverts to Post Office variable rate of 4.49%.

Call Post Office FREE on 0808 178 6813

Adverse Credit Mortgage Lenders

If you have a bad credit history, we can help you find a specialist adverse credit mortgage lender who may still be able to offer you the borrowing you need. Take a look at the table below for some of the most competitive mortgage deals currently available or get in touch to discuss your unique circumstances. Call Fair Mortgages today on 0117 313 7780 or request a quote.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.49%
Rate type: Fixed Mar-2021
Monthly cost: £403.44 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 4% APRC
NatWest logo 1.49% Fixed Mar-2021 4% APRC 60% £1273.00 £403.44 per month get quotes Call direct0800 158 2934
Initial rate: 1.72%
Rate type: Fixed May-2021
Monthly cost: £414.44 per month
Max LTV: 65%
Product fee: £1263.00
Overall cost for comparison: 4.4% APRC
Virgin Money logo 1.72% Fixed May-2021 4.4% APRC 65% £1263.00 £414.44 per month get quotes Call direct0330 057 1528
Initial rate: 1.75%
Rate type: Tracker May-2021
Monthly cost: £415.89 per month
Max LTV: 70%
Product fee: £1263.00
Overall cost for comparison: 4.4% APRC
Virgin Money logo 1.75% Tracker May-2021 4.4% APRC 70% £1263.00 £415.89 per month get quotes Call direct0330 057 1528
Initial rate: 1.76%
Rate type: Fixed Jan-2021
Monthly cost: £416.43 per month
Max LTV: 60%
Product fee: £1205.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.76% Fixed Jan-2021 4.2% APRC 60% £1205.00 £416.43 per month get quotes Call direct0808 178 6813
Initial rate: 1.78%
Rate type: Fixed Jan-2021
Monthly cost: £417.40 per month
Max LTV: 60%
Product fee: £1205.00
Overall cost for comparison: 4.3% APRC
Post Office logo 1.78% Fixed Jan-2021 4.3% APRC 60% £1205.00 £417.40 per month get quotes Call direct0808 178 6813
Initial rate: 1.83%
Rate type: Fixed Jan-2021
Monthly cost: £417.75 per month
Max LTV: 85%
Product fee: £705.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.83% Fixed Jan-2021 4.2% APRC 85% £705.00 £417.75 per month get quotes Call direct0808 178 6813
Initial rate: 1.9%
Rate type: Tracker May-2021
Monthly cost: £423.17 per month
Max LTV: 70%
Product fee: £1263.00
Overall cost for comparison: 4.4% APRC
Virgin Money logo 1.9% Tracker May-2021 4.4% APRC 70% £1263.00 £423.17 per month get quotes Call direct0330 057 1528
Initial rate: 1.93%
Rate type: Fixed May-2022
Monthly cost: £424.64 per month
Max LTV: 65%
Product fee: £1263.00
Overall cost for comparison: 4.2% APRC
Virgin Money logo 1.93% Fixed May-2022 4.2% APRC 65% £1263.00 £424.64 per month get quotes Call direct0330 057 1528
Initial rate: 1.95%
Rate type: Fixed Mar-2024
Monthly cost: £425.62 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.5% APRC
NatWest logo 1.95% Fixed Mar-2024 3.5% APRC 60% £1273.00 £425.62 per month get quotes Call direct0800 158 2934
Initial rate: 1.95%
Rate type: Fixed Jan-2021
Monthly cost: £423.57 per month
Max LTV: 85%
Product fee: £705.00
Overall cost for comparison: 4.3% APRC
Post Office logo 1.95% Fixed Jan-2021 4.3% APRC 85% £705.00 £423.57 per month get quotes Call direct0808 178 6813
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Adverse Credit Mortgage Lenders

Securing a mortgage from a traditional lender can be a long and laborious process. This is because traditional lenders such as high street banks will take an in-depth review of an applicant’s credit rating. The majority of lenders available on the high street will not provide mortgages for those with adverse credit.

It may be beneficial to contact a mortgage broker to explore your financial options and get a mortgage from an adverse credit mortgage lender.

At Fair Mortgages, we pride ourselves on our strong links with private banks, specialist lenders, family offices and wealth managers.  We work with lenders who take a holistic approach to an applicant’s application and prioritise whether the applicant can afford the mortgage repayments, not on their credit history. We can arrange mortgages for those with adverse credit.

Adverse Credit

Adverse credit can be caused by the following:

  • A County Court Judgment                                                        
  • Any bankruptcy proceedings                                              
  • A late payment of a utility bill                                   
  • Entering into an Individual Voluntary Arrangement (IVA) with your creditors

As such, there are a number of small changes you can make to significantly improve your credit rating.

Adverse Credit Mortgage Lenders

A mortgage from an adverse credit mortgage lender is similar to a mortgage from a traditional lender. You may be able to borrow the amount you need and make monthly repayments for an agreed period of time.

It is important to note that in order to secure a mortgage with a private lender you will require a larger deposit than with a normal mortgage.  The majority of private lenders will ask for a deposit between 25% and 30% of the property value.

Before a private lender grants a mortgage, they will usually require:

  • Proof of income: A number of pay slips will be requested
  • Bank statements: You will need to provide a certain amount of bank statements to prove you can afford the monthly repayments.
  • Three years accounts: If you are self-employed, private lenders will request at least three years’ worth of accounts.

Our Adverse Credit Mortgage Service

At Fair Mortgages, our independent mortgage broker service offers:

  • Access to the whole market – we can compare most UK lenders who will deal with bad credit ratings.
  • Credit repair mortgages – we can source mortgages that will provide the money you need and help you rebuild your credit rating.
  • Finance within a short period of time – contact us today and we can secure the funding you need swiftly.
  • Financial solutions for raising additional funding on top of an existing mortgage – If you have an existing mortgage that does not cater for your needs, we can help.

In order to assist you, we may need a copy of your credit rating report. You can acquire this through credit rating agencies such as Experian.

How to get a Mortgage from a Private Lender

If you have previously had bad credit but need a mortgage, call our mortgage team on 0117 313 7780 to discuss your situation or use our Callback form.

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Call our Mortgage Broker Team on 0117 313 7780 or Request Callback for our Adverse Credit Mortgage Service

For a FREE initial conversation about your mortgage options complete our short enquiry form.

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