Get ahead of the crowd with Premium
Register Forgot password

Can I Get A Mortgage With Bad Credit?

Moneymagpie Team 17th Jan 2023 No Comments

Reading Time: 2 minutes

It’s a question many will have asked themselves, particularly in these times of global financial crisis and fluctuating house prices.  

We may worry about being denied help due to having had a bad credit rating in the past, or missed mortgage payments, perhaps defaults on credit cards & loans, CCJs or even having been bankrupt. You may even have good income but are worried you might still have a bad credit mortgage. 

You may be unsure whether any of the above applies to you and need some guidance before making any further plans, in which case here’s a great Bad Credit Mortgage Guide to get you some expert advice from MortgageKey. 



A bad credit mortgage adviser can help you with a plan on how to get a mortgage with bad credit, and this can cover many circumstances including being a first-time buyer or someone looking for a bad credit remortgage.  



It’s not all about bad income: bad credit mortgage lenders also want to help customers who can offer a large deposit and are on a good income, although this would depend on the severity of the bad credit.  

Another guide you might want to check out in that case is Getting A Mortgage With A CCJ: you may be surprised to learn that it is not impossible – though perhaps more difficult – to secure a loan under these circumstances. 

mortgage key

There are many things to take into account before considering taking out a bad credit mortgage, so again it’s worth doing some reading around the subject before speaking to someone about it: Bad Credit Mortgage Things You May Not Know. 

Some lenders, when considering bad credit mortgages on a good income, will look at your affordability (ability to repay) rather than income ratio. Be aware that these lenders tend to have a higher interest rate, but they may be able to consider your situation with a unique approach tailored to your own finances.  

Here are MortgageKey’s Bad Credit Mortgages 5 Common Questions which also provides some great tips about how to improve a bad credit rating, and how to obtain a bad credit mortgage. Once you’re prepared for how it all works, you may be on the path to securing a mortgage more readily than you think. 


DisclaimerMoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments

Jasmine Birtles

Your money-making expert. Financial journalist, TV and radio personality.

Jasmine Birtles

Send this to a friend