We have access to 100% Right to Buy Mortgages.
100% free help with the initial Right to Buy application.
We have lenders who will allow extra borrowing for home improvements.
We have access to Right to Buy mortgage for tenants with poor credit.
Income such as Child Tax Credits, Working Tax Credits, Child Benefits can be used.

Credit Problems & A Right to Buy Mortgage

Tenants who have had previous credit problems or they have current problems could be accepted for a Right to Buy Mortgage today. There are two main factors behind this, this first one is new lenders have been entering the UK mortgage market and have products specifically designed for tenants with credit problems. The second main factor is that due to the tenants having massive discounts these mortgage providers have identified that the risk of them losing money if the tenant decides to default is extremely low. We have quite a few lenders who will now do 100% Right to Buy Mortgages and we anticipate that new entrants will enter the market in 2018. Please contact us to speak about buying your council house if you have had credit problems in the past.

Bad Credit Explained

What is the difference between credit score and credit history?

'Score' is lender specific based on their set criteria, 'history' is your past financial conduct, usually only mapped over the last 6 years. Lenders interpret your credit score based on numerous factors from your credit history added to the circumstances of your application (age, income, LTV, location etc). Not all lenders will perform a credit score and will literally have underwriters that review the case as a whole. All lenders will look at your credit history.
Generally though, a 'bad credit history mortgage', is the same as a 'mortgage with bad credit score', is the same as a 'mortgage with bad credit rating'.

How do I apply for a mortgage with bad credit?

Applying for a mortgage with bad credit is best done via a broker with access to all the lenders, as many of the lenders only accept applications from brokers. You'll hear them advertise, as we do, as being 'whole of market'. A broker will find you the best deal from all the lenders that would consider you. The brokers we work with accept customers from all over the UK, and we can deal with you via email, the phone and even video call if you like!

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Are there any lenders that don't credit check?

Firstly, there aren't any bad credit mortgage loans with guaranteed approval. A lender will always want to know who they are lending to, and this is done by looking at the applicant's credit history. If you have none, then there's a chance your score will be low. All lenders credit check. If you're looking for a no credit check mortgage then you may be better off searching for lenders who don't credit score – many of these exist these days, and take a very flexible view of credit worthy borrowers with either more colourful history or no history at all.

Factors that will affect the overall credit making decision

  • Make sure you are on the voters roll
  • Financial Associates
  • Number of credit applications
  • Utilization of current credit cards (are they maxed out)
  • House old income
  • Your age (the older you are the less options you have)
  • Have you got short term credit (pay day loans, door stop lenders)
  • Are you late with your current payments
  • Have you got defaults on your file
  • Have you got County Court Judgments (CCJs)
  • Are you in a Debt Management Plan (DMP)
  • Are you in a Individual Voluntary Arrangement (IVA)
  • Have you got a Debt Relief Order
  • Have you been re-possessed
  • Are you Bankrupt
The above information looks complex (it is) that is why you need to speak to a broker about your current financial situation and we should be able to help you with a mortgage application as we have lenders who will consider people with past or current credit problems.