This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Mortgage & Equity Release - Call Us 0117 403 4474

or Book Appointment

What is your mortgage for?

use mortgage calculator
 

4.83% 5 Year Fixed

  • 65% LTV
  • Overall cost for comparison 5.9% APRC
  • £500 Cashback

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 60 months after which reverts to lender variable rate of 6.49%.

Book appointment with us »

4.89% 10 Year Fixed

  • 75% LTV
  • Overall cost for comparison 5.5% APRC
  • £1000 Cashback

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 10 years after which reverts to lender variable rate of 6.24%.

Book appointment with us »

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 5.19%
Rate type: 5 year fixed
Monthly cost: £1340.35 per month
Product fee: £999
Overall cost for comparison: 7.5% APRC
Kensington Mortgages logo 5.19% 5 year fixed 7.5% APRC £999 £1340.35 per month get quotes Broker Only Deal
Initial rate: 5.24%
Rate type: 5 year fixed
Monthly cost: £1346.98 per month
Product fee: £999
Overall cost for comparison: 7.5% APRC
Kensington Mortgages logo 5.24% 5 year fixed 7.5% APRC £999 £1346.98 per month get quotes Broker Only Deal
Initial rate: 5.29%
Rate type: 5 year fixed
Monthly cost: £1353.62 per month
Product fee: £0
Overall cost for comparison: 7.5% APRC
Kensington Mortgages logo 5.29% 5 year fixed 7.5% APRC £0 £1353.62 per month get quotes Broker Only Deal
Initial rate: 5.39%
Rate type: 5 year fixed
Monthly cost: £1366.96 per month
Product fee: £0
Overall cost for comparison: 7.5% APRC
Kensington Mortgages logo 5.39% 5 year fixed 7.5% APRC £0 £1000 cashback £1366.96 per month get quotes Broker Only Deal
Initial rate: 5.49%
Rate type: 2 year fixed
Monthly cost: £1380.35 per month
Product fee: £999
Overall cost for comparison: 8.5% APRC
Kensington Mortgages logo 5.49% 2 year fixed 8.5% APRC £999 £1380.35 per month get quotes Broker Only Deal
Initial rate: 5.49%
Rate type: 3 year fixed
Monthly cost: £1380.35 per month
Product fee: £999
Overall cost for comparison: 8.2% APRC
Kensington Mortgages logo 5.49% 3 year fixed 8.2% APRC £999 £1380.35 per month get quotes Broker Only Deal
Initial rate: 5.54%
Rate type: 5 year fixed
Monthly cost: £1387.08 per month
Product fee: £999
Overall cost for comparison: 7.7% APRC
Kensington Mortgages logo 5.54% 5 year fixed 7.7% APRC £999 £1387.08 per month get quotes Broker Only Deal
Initial rate: 5.54%
Rate type: 2 year fixed
Monthly cost: £1387.08 per month
Product fee: £999
Overall cost for comparison: 8.5% APRC
Kensington Mortgages logo 5.54% 2 year fixed 8.5% APRC £999 £1387.08 per month get quotes Broker Only Deal
Initial rate: 5.59%
Rate type: 2 year fixed
Monthly cost: £1393.82 per month
Product fee: £999
Overall cost for comparison: 8.5% APRC
Kensington Mortgages logo 5.59% 2 year fixed 8.5% APRC £999 £1393.82 per month get quotes Broker Only Deal
Initial rate: 5.59%
Rate type: 5 year fixed
Monthly cost: £1393.82 per month
Product fee: £999
Overall cost for comparison: 7.7% APRC
Kensington Mortgages logo 5.59% 5 year fixed 7.7% APRC £999 £1393.82 per month get quotes Broker Only Deal
12345678910...

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

Mortgages with Low Credit Score

Our Mortgage Service - helping you make the right decision

"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support. 

As your mortgage is such an important transaction, good advice is imperative.

Mortgages with Low Credit Score

Find the best mortgage deals for a low credit score

If you have a low credit score, the good news is that you should still be able to get a mortgage deal – it’s just a question of approaching the right mortgage lenders.

Some mortgage lenders specialise in mortgages with low credit scores – call our dedicated mortgage team on 0117 332 3389 to discuss your mortgage requirements.

What are some of the difficulties of getting a mortgage with a low credit score?

Understandably, mortgage lenders want to minimise the risk that they take on when they lend a large amount of money for a mortgage. This means that when you apply for a mortgage, your previous credit history will be looked at in order to try and determine what kind of borrower you have been in the past and if you have a good history of making repayments on time. Obstacles to getting a mortgage with low credit score could include:

  • Having a history of missing mortgage repayments

  • Having a history of missing rental payments

  • Having a history of missing credit card repayments

  • Having an outstanding or expired County Court Judgment (CCJ) against you

  • Having been bankrupt in the past at any point

  • Having no borrowing history at all

If you are looking for mortgages with low credit score you need to be realistic in your expectations of the rates and terms you might be offers. Some of the most common features of mortgages with low credit score include:

  • Interest rates on bad credit mortgages tend to be higher than standard mortgages

  • Higher deposit requirements - You will usually require a minimum deposit of at least 25% or 30% of the property’s value,  compared to a minimum deposit requirement of around 5% to 10% if you were applying for a standard mortgage deal

How to improve your credit rating before you apply

It is a good idea to make sure your credit rating is as good as possible when applying for a mortgage. Even if you have a low credit score, there may still be things that you can try to improve your chances of getting a mortgage. These could include the following:

  • Ensure that you are on the electoral roll and that your address and details are completely up to date

  • Check your credit record to ensure that there are no errors that are making your credit history look poorer than it really is

  • Try to pay off as much outstanding credit card debt as you can. If you have unused credit cards, cancel them.

How can a mortgage with low credit score improve your credit score?

Once you have found the mortgage for the low credit score that you want, and have been accepted, this could help you to repair your credit rating over the long term.

If you make timely mortgage repayments in full over the next few years, and have no further defaults on any other debts such as credit cards, this will go a long way to improving your credit rating.

This could mean that when you remortgage or apply for a new mortgage deal, you may be eligible for much better interest rates and terms.

If you want to get mortgages with poor credit scores, you may find that the process is easier if you obtain specialist, independent advice before making a decision.

Our dedicated whole of market mortgage team can help you to locate the right poor credit score mortgage deal for you – call us today on 0117 403 4474 or to speak to one of our mortgage advisers click here »

house icon

Request Call Back

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

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Our Services