Low Credit Score Mortgages
Struggling to get a mortgage? We can help!
- No Up-Front Broker Fees
- Impartial Advice
- Access To A Panel Of over 90 Lenders
- We make sure you qualify for any deal before you apply
- Straight talking, no jargon service
- Covering all of the UK
YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding but estimate this to be £1000 (£250 on application and a further £750 at offer).
Completing our form does not affect your credit rating
Complete our quick online form for a FREE quote or call us on 01256 327019
Completing our form does not affect your credit rating
For a FREE MORTGAGE QUOTE please complete our quick online form or call 01256 327019.
Who We Work With
We have the privilege to access an exhaustive panel of lenders including high street and expert lenders. Our strong business relationships equip us to cater for all types of client requirements . Whilst servicing Fist Time Buyers, Home Mover’s and Remortgage clients we also cater for Government schemes like shared ownership, and expert mortgages like adverse credit and Limited Company Buy to let’s.
Can I get a mortgage with poor credit?
A lot of people feel they can’t get a mortgage if they have poor credit history or have been refused by a high street bank. At HLSA Financial Services we have access to expert mortgage lenders that are more flexible than high street lenders and take into consideration the age, gravity and cause of credit issues. You may pay a higher interest rate but as with any other mortgage, if you have a large deposit and/or reasonably good income, you may be eligible to obtain a more competitive deal.
By seeking advice from a mortgage broker like HLSA Financial Services, it can be possible to obtain a mortgage, despite being declined previously. We have years of experience and know each Lender’s criteria, thus would only apply for a mortgage on your behalf, if we think you have a good chance of being accepted.
If for any reason we cannot help you, we will advise you of steps to take to improve your credit score and enhance chances of being accepted in the future.
What Is Deemed As Poor/Adverse Credit?
Poor credit history may suggest you are not in control of your finances and can often be caused by simple things like forgetting to pay a bill or being ordered by the courts to pay a parking fine.
The following can be deemed as adverse credit:
- Bankruptcy
- Payday Loans
- Debt Management Schemes
- Default
- IVA (Individual Voluntary Arrangement)
- Missed payments/arrears
- CCJ (County Court Judgement)
- No credit history
Our mortgage advisers will take the time to understand your circumstances and compare the market which includes high street and expert lenders to find a mortgage that fits your needs perfectly.
Ready to move forward with your plans? Get in touch and speak to one of our experts.
Completing our form does not affect your credit rating
4 Steps To Arrange Your Mortgage
- Get in touch with us. We will ask you a few questions to see if we can secure a mortgage for you.
- We search the mortgage market and get you competitive rates.
- We make your mortgage application and sort out the paperwork (we will provide the Decision in Principle to you).
- Complete your mortgage.We will be with you every step of the way and see things through to completion.
Our Customer Reviews Speak For Themselves
Completing our form does not affect your credit rating
Is it possible to get a mortgage with a CCJ?
CCJ’s can stay on your credit file for 6 years which is a long time to wait before you can apply for a mortgage. The good news is, there are lenders who will consider your application if you have a CCJ on your credit file. This depends on the details of the CCJ, for example why it occurred in the first place; when was it registered; the amount; and whether it is satisfied?
At HLSA Financial Services we offer a free assessment of your credit file to advise the potential options of getting a mortgage.
Is it possible to get a mortgage with a Default?
If you fall behind on your payments with a Lender, this can lead to a default on your credit file. This will stay on your credit file for 6 years. You could potentially qualify for a mortgage if you have a default, but this will be dependent on when it was registered, the amount of the default, what type of default it is (for example loan, credit or communications default) and whether it is satisfied?
In order to understand your chances of getting a mortgage we will carry out an assessment of your credit file, please get in touch- we are ready to help you.
Is it possible to get a mortgage with an IVA?
If the IVA is satisfied, it increases your chances of getting a mortgage approved and it can depend on when it was satisfied. There are expert lenders that may apply certain conditions to the mortgage ( for example IVA must be paid off with the mortgage advance) and be willing to consider an application on its own merits even if the IVA has not been satisfied.
Typically Lenders will take into account whether or not the IVA is satisfied? How long has it been satisfied for? Start date of the IVA and track record of payments ( i.e. have payments been made on time)
Although we can never guarantee you will get a mortgage, we can proudly state that we have helped many clients who reached out to us thinking they would never get a mortgage because of their poor credit score.