Low Credit Score Mortgages
See how our mortgage advice service can help you. We’re here to help you overcome a low credit score or credit history problems
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Updated: February 23, 2023
Here’s everything you need to know about getting a mortgage if you have a low credit score. This also applies if you have had credit history problems. See how we can help you get your mortgage sorted below.
A decision in principle is also called an “agreement” or “mortgage” in principle. They all refer to the same thing which is an initial yes from a mortgage lender. This is here to give you an idea of what you can expect to borrow so you can understand your budget for buying your home. This is the best place to start.
A decision in principle will also allow you to see what mortgage rates you are eligible for. This helps you can understand your potential mortgage monthly repayments. This will help you understand your finances for any home you buy.
Many estate agents will ask to see a decision in principle if you would like to place an offer on a property. This acts as a way of showing the agent you can likely afford to buy the property and that you are a serious buyer. Remember, you can use any mortgage advisor you like, even if they suggest otherwise.
Getting a mortgage with defaults depends on several factors. These are things like the recency, value and, number of defaults. These will have an impact on the options available as well as your wider credit history. Whether the defaults have been satisfied can also matter in some cases.
We’re here to help. Many of our clients come to us in this situation too. Find out what options are available to you
This will depend on several things such as:
We’re here to help you understand exactly how much deposit you can expect to need. In some cases your credit history can mean mortgage lenders will require you to use a higher-than-average deposit. We can help advise on the exact mortgage options available to you so you have clarity when it comes to your budget.
Our Fee-Free promise to you
We don’t charge you a penny for our service. Our mortgage advice service is free to use. This is because like most mortgage brokers, we receive a payment from the lender. This happens when your mortgage completes. We choose not to charge a fee on top of this. This is to save you as much as possible on your mortgage deal, with unbiased and fee-free mortgage advice.
Margaret – Google Review
Will is just amazing. He helped me through the process of re-mortgaging under complex circumstances every step of the way. He responded swiftly to every enquiry and gave me the confidence that everything was under control. I would recommend his services to anyone as he really knows what he is doing and got me the best deal possible. Thanks Will
Jennifer – Google Review
I have spoken to many mortgage advisors and Will by far is the most thorough, detailed, approachable and available individual that I have had the privilege of working with. He is very transparent, helpful and continuously goes above and beyond to give the best service to his customers. Thank you Will for looking after me. It has been great working with you.
Hamid – Google Review
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Mortgage Sorted is an Appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Proprietor : William Walton.
Mortgage Sorted will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.
Minimal Fee mortgage advice:
We believe in minimal advice fees to help you save on your mortgage. There may be a fee for arranging a mortgage however, the precise amount will depend upon your circumstances and this will not exceed £195. The fee may be waived subject to the terms of the fee waiver agreement and will be confirmed within the initial meeting.
Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. Important Information Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender if you remortgage. As with all insurance policies, conditions and exclusions will apply
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