Adverse Credit

Adverse credit, credit impaired, credit repair, sub prime and non conforming mortgages are all names given to mortgage products aimed at those who have had a few credit hiccups.

Lenders view the following as poor or adverse credit and they are ranked in order of severity - least severe first, most severe at the end. 

  • Being up to 1month or more late with you credit card payments
  • Being up to 2 months or more late with you credit card payments
  • Being up to 1 month or more late with a unsecured loan payment
  • Default or County Court Judgements
  • Mortgage or secured loan arrears
  • Individual Voluntary Arrangement (IVA)
  • Repossession order or previously repossed property
  • Bankruptcy 

As a general rule, if all you have ever done is been late with one or two card payments in the last 12 months you need not read any further - Adverse Credit mortgages may not be for you. Most High Street lenders will still be happy to consider your mortgage application even if you have a small default/county court judgement of less than £250 which has been settled for 6 months or more, although they will normally expect at least a 25% deposit. 

If you have any doubts over whether you have bad credit history, you can obtain a copy of your Credit Report from Equifax via the link below. You will then be able to see exactly what a lender can see when you make a new loan or credit application. 

Instant Credit Report

If you have had a few more credit hiccups it's still not the end of the world - we can help. There are specialist lenders who still want to help you get a mortgage. In exchange for the mortgage lender being understanding about your credit past, you have to be prepared to accept a higher interest rate on your loan and possibly provide a bigger deposit.

Please note that Investwise Group do not currently offer Adverse Credit Mortgage, this page is for reference purposes only.

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"Your home may be repossessed if you do not keep up repayments on your mortgage."