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Mortgage & Equity Release - Call Us 0117 403 4474

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Adverse Mortgages

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 or request a quote.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 3.24%
Rate type: Fixed 24 months
Monthly cost: £1095.27 per month
Max LTV: 75%
Product fee: £999
Overall cost for comparison: 4.3% APRC
Kensington logo 3.24% Fixed 24 months 4.3% APRC 75% £999 £1095.27 per month get quotes Call us0117 403 4474 More details
Initial rate: 3.24%
Rate type: Fixed 24 months
Monthly cost: £1095.27 per month
Max LTV: 75%
Product fee: £999
Overall cost for comparison: 4.3% APRC
Kensington logo 3.24% Fixed 24 months 4.3% APRC 75% £999 £1095.27 per month get quotes Call us0117 403 4474 More details
Initial rate: 3.24%
Rate type: Fixed 24 months
Monthly cost: £1095.27 per month
Max LTV: 75%
Product fee: £1,999
Overall cost for comparison: 4.4% APRC
Kensington logo 3.24% Fixed 24 months 4.4% APRC 75% £1,999 £1095.27 per month get quotes Call us0117 403 4474 More details
Initial rate: 3.24%
Rate type: Fixed 24 months
Monthly cost: £1095.27 per month
Max LTV: 75%
Product fee: £1,999
Overall cost for comparison: 4.4% APRC
Kensington logo 3.24% Fixed 24 months 4.4% APRC 75% £1,999 £1095.27 per month get quotes Call us0117 403 4474 More details
Initial rate: 3.30%
Rate type: Fixed 24 months
Monthly cost: £1102.41 per month
Max LTV: 75%
Product fee: £1,445
Overall cost for comparison: 4.9% APRC
Pepper Money logo 3.30% Fixed 24 months 4.9% APRC 75% £1,445 £1102.41 per month get quotes Call us0117 403 4474
Initial rate: 3.34%
Rate type: Fixed 24 months
Monthly cost: £1107.19 per month
Max LTV: 75%
Product fee: £999
Overall cost for comparison: 4.4% APRC
Kensington logo 3.34% Fixed 24 months 4.4% APRC 75% £999 £1107.19 per month get quotes Call us0117 403 4474 More details
Initial rate: 3.34%
Rate type: Fixed 24 months
Monthly cost: £1107.19 per month
Max LTV: 75%
Product fee: £999
Overall cost for comparison: 4.4% APRC
Kensington logo 3.34% Fixed 24 months 4.4% APRC 75% £999 £1107.19 per month get quotes Call us0117 403 4474 More details
Initial rate: 3.35%
Rate type: Fixed 60 months
Monthly cost: £1108.38 per month
Max LTV: 75%
Product fee: £1,145
Overall cost for comparison: 4.5% APRC
Pepper Money logo 3.35% Fixed 60 months 4.5% APRC 75% £1,145 £1108.38 per month get quotes Call us0117 403 4474
Initial rate: 3.35%
Rate type: Fixed 24 months
Monthly cost: £1108.38 per month
Max LTV: 75%
Product fee: £1,445
Overall cost for comparison: 4.9% APRC
Pepper Money logo 3.35% Fixed 24 months 4.9% APRC 75% £1,445 £1108.38 per month get quotes Call us0117 403 4474
Initial rate: 3.40%
Rate type: Fixed 60 months
Monthly cost: £1114.37 per month
Max LTV: 75%
Product fee: £1,145
Overall cost for comparison: 4.5% APRC
Pepper Money logo 3.40% Fixed 60 months 4.5% APRC 75% £1,145 £1114.37 per month get quotes Call us0117 403 4474
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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 Mortgages

Our Adverse Mortgage Service

Most high street banks use a credit scoring system to work out if they will give you a mortgage.

If you don't get a high enough score you won't get a mortgage and in many cases you won't be told why.

We work with lenders who base their decisions on your personal circumstances and credit history which we believe is much fairer and more transparent.

Special features of what we offer include:

  • Whole of market service - we work with leading UK mortgage lenders
  • Access to leading market mortgage rates
  • Access to exclusive loan deals not available on high street
  • Fast turnaround - speak to us today if you need to move quickly
  • We have lenders who will take into account previous defaults and missed payments 
  • Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions

To compare your mortgage options call our mortgage team or fill in our call back form.

Adverse Mortgages

Whether you are trying to buy a new property or remortgage, having an adverse credit history can make the whole process more challenging, as such you might have previously found it difficult to find a lender who can offer you adverse mortgages.

While it is true that the big ‘high street’ lenders have in recent history become more reluctant to lend to borrowers who pose a higher level of risk some will still consider applications from borrowers with some minor issues on their credit history, there are also a range of specialist lenders who are not on the high street who have specific adverse mortgages available for borrowers with more serious problems on their credit score.

Some of these specialist bad credit mortgage lenders however are only available via a mortgage broker as they do not take direct applications from borrowers. 

If you would like to find out what adverse mortgages may be available to you, you could try using the Fair Mortgages comparison tool, you just need to enter the purpose for which you would like a mortgage (or remortgage) and fill in the relevant financial information such as how much of a deposit you can put down then select ‘Bad Credit Rates’ from the drop down menu, the tool will then be able to filter a selection of mortgages that fulfil your criteria and may be available to you, you can then compare their details and features such as product fees to help you decide which might be the best choice for you.

When looking for an adverse credit history mortgage exactly what will be available to you will be dependent on your credit score; there are different levels of bad credit mortgage plan offered by different lender ranging from products designed for borrowers who have missed a couple of payments in the past to products designed for people who have previously been declared bankrupt or had a property repossessed.

Due to the inherent higher risk posed by lending to borrowers with adverse credit history, bad credit rate mortgages do tend to be more expensive than what you would expect from a standard mortgage of the same size, both in terms of product fees and interest rates.

Lenders may also require a larger deposit than would otherwise be needed. This makes shopping around thoroughly beforehand to try and find the best product available to you really important.

When looking for adverse mortgages you may wish to consider using an independent whole of market mortgage broker.

Not only can a professional intermediary provide you with in-depth unbiased advice about bad credit mortgages, there are certain lenders who can only be accessed via a broker, one of which could be the best choice for you.

If you want to find out more about adverse mortgages, or other types of mortgage, you can call us or fill in the online contact form the request a call back for a free initial conversation about mortgages. 

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