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Call us on 01664 414141 between 9am and 6pm Monday to Friday and 9am and 12pm on Saturdays
Our mortgages are available through independent mortgage brokers across England and Wales

Credit Repair Mortgages

If you’ve missed a few credit card payments, are in a debt management plan, have any CCJs or a poor credit rating for any other reason, our credit repair mortgages may be an option for you.

What’s more, once you’ve found a solution, paying your mortgage on time for a few years should help you ‘repair’ your credit history and move to a standard mortgage at a lower rate.

So what is a credit repair mortgage?

These are mortgages offered by lenders who are willing to lend to people with poor credit histories. Interest rates and charges for these mortgages tend to be higher because of the perceived risk. However, if you can make your repayments on time, your credit rating will start to improve – and you may be able to switch to a more competitive deal within a few years.

Are there ways to improve my bad credit rating?

There are certainly things you can do which will have a positive effect on your credit score in the future.

  • Pay your bills on time
  • Make sure you’re on the electoral roll.
  • Check your credit rating regularly. Since the new GDPR law came into effect at the end of May 2018, it’s now free to check your report and you have a legal right to do so. All checks are done online so it’s quick and easy.