It’s often possible to get a mortgage with a bad credit history, although your options may be limited. Lenders will conduct a credit check on anyone applying for a mortgage. However, some black marks on your credit history will carry more weight than others, depending on the amounts of money involved and how much time has passed. If you have a bad credit history, some high-street banks may refuse to give you a mortgage outright. Building societies can sometimes be more flexible and there are also specialist bad-credit mortgage lenders, some of which cater specifically for people who’ve faced illness, divorce or other difficult life events. These lenders tend to be more flexible when assessing your mortgage application, but often charge higher-than-average interest rates and require larger deposits in return.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.

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