Bad Credit

Mortgages for bad credit.

Although it isn’t ideal to have bad credit when it comes to applying for a mortgage, it’s not impossible to get a mortgage application accepted. Here at TW Mortgages, we endeavour to help any and all with their mortgages needs - we have years of experience helping homeowners around the Southwest with our free mortgage advice. 

Unfortunately, bad credit can happen to anyone. It could be a simple case of a few missed bills or from a larger problem, but bad credit can come back to haunt you when it comes to large purchases such as buying a house. But there are mortgages for those with bad credit - don’t despair.

What credit score is needed for a mortgage?

One of the most asked questions is ‘Can I get a mortgage with poor credit?’ and the answers yes. Although your credit score has to be high enough for lenders to be willing to lend you the money, there’s no cut-off credit score which you need to achieve. There’s no single credit score that all lenders use, plus lenders will look at your credit record and will apply their own credit scoring. 

You may be subject to higher interest rates and monthly payments than those with better credit scores, but get in touch with us today so we can help you find the best lender for bad credit buyers.

There are numerous ways that we can help you in finding a lender, plus top tips on improving your credit score. It might be a case of taking some time to improve your score before you can begin the house buying process, but if you are able to take that time it will work in your favour.