Bad credit can result from:
Lenders assess your credit report to gauge your reliability as a borrower. The more recent or serious the issue, the more impact it may have.
Some lenders cater specifically to applicants with poor credit histories. They consider each case individually and may be more flexible, especially if the issues are historic or have been resolved.
Expect to need a larger deposit—usually 15–30%. This reduces the lender’s risk and may help offset a lower credit score.
A family member can act as a guarantor, helping you secure approval by backing your mortgage with their income or assets.
Applying with someone who has a good credit rating can improve your chances, though their finances will also be assessed.
An adviser can be your biggest ally. They know which lenders are open to applicants with bad credit and how to present your case in the best light. They’ll guide you through any extra documentation and help you avoid applications that might lead to rejection.
Bad credit doesn’t mean no mortgage. It means choosing the right lender, preparing thoroughly, and possibly accepting slightly higher rates or stricter terms. With the right strategy and support, homeownership can still be within reach.