credit impaired:
our team can find solutions even at the hardest of times.
If you’ve experienced financial issues in the past and have a bad credit record, it can often limit your options when it comes to purchasing your own property.
Credit impaired means that you may have severe adverse repayment information on your credit report. This can include things such as defaults, county court judgements, or bankruptcies. These are the more severe scenarios that lenders will look for to decide whether they would lend to you or not.
But it’s not always so black and white, and that’s why leaning on expert advice from us is beneficial. We have access to specialist lenders who are flexible with their criteria and will be able to find a solution to help you get one step closer to purchasing your own home.
bad credit:
how do ‘bad credit’ mortgages work?
‘Bad Credit’ mortgages, are very much like a regular mortgage, but they are likely to come with higher interest rates, and there potentially could be a lower limit on how much you can borrow.
The main reason for this, is that having a lower credit score can be seen as a higher risk to the lender. Your monthly repayments will go towards repaying the money you’ve borrowed, as well as paying the interest charges on top.
reviewing your credit report:
-
missed loan / credit / comms payments
1-4 staging of missed payments .
How often payments are missed.
How much for?
Why? -
crown court judgments / defaults
How much for?
When were they registered?
Have they been satisfied / unsatisfied?
Why? -
individual voluntary arrangement
How much for?
When was this registered?
Has a payment been missed?
Why? -
have you been declared bankrupt?
How much for?
When was this registered?
Have you arranged to pay the debt back?
Why?
get in touch:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Registered in England and Wales
Signature Mortgages and Protection Limited is an appointed representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited. Advance Mortgage Funding Limited is authorised and regulated by the Financial Conduct Authority.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK
Registered office address – 8 Ridgehouse Drive, Festival Park, Staffordshire, ST1 5SJ
Registration number – 07041169
Latest news and insights
-
9 April 2026Understanding Mortgage Fees: What You’ll Really Pay
Lender-Specific Fees These are the costs charged directly by the bank or building society to process your application. Product Fees (Arrangement Fees): This is the cost for the specific mortgage deal. These range from £0 to over £2,000. While you can often add this to the loan, remember: you will... -
18 March 2026Iran Conflict & UK Mortgage Rates: Why Are Rates Rising?
How the Iran Conflict Is Impacting UK Mortgages The relationship between Middle East tensions and a suburban UK mortgage follows a swift, logical economic chain. Understanding this “domino effect” is key to timing your next financial move. 1. The Energy Spike & Inflation Conflict in the... -
17 March 2026The Mortgage Application Timeline – What to Expect
The 8 Stages of the Process 🕒 Stage 1: Initial Advice & Fact Find This is where everything starts. We will: Understand your goals and circumstances Review income, credit, and deposit Discuss suitable mortgage options 🛡 Regulated advice ensures suitability, not guesswork. 🧾 Stage 2: Decision...
how can we help...
book a meeting to talk with our expert team by clicking the button below.