Achieve Your Homeownership Dreams
Hassle-Free Mortgages
We can help you secure mortgages of up to 95% loan-to-value (LTV), even if you’ve experienced credit issues in the past. This means you can still achieve your property goals with only a small deposit, even if your credit history isn’t perfect.
Our application process is simple and stress-free. We know applying for a mortgage can feel overwhelming, so we’ve designed our process to be as straightforward and efficient as possible, guiding you every step of the way.
We work with lenders who offer rates that reflect the severity of your credit history. This ensures fairness and flexibility, so you get a deal that aligns with your unique circumstances.
Despite the challenges of adverse credit, we’ll help you access competitive interest rates. With our extensive network of specialist lenders, we can find the most favorable options available to you.
Finally, we offer a wide range of tailored solutions. Whether your credit issues are minor or more complex, our expertise and partnerships mean we can match you with a product that meets your needs.
Let Mellow Financial help you overcome credit challenges and take the next step towards securing your mortgage. Contact us today to explore your options.
Having an adverse credit file need not necessarily mean an expensive mortgage.
As part of the fact-finding process we ask you to download your credit file so we know exactly what the lenders will see. Quite often there are mistakes on a credit file if identified early can be rectified prior to making an application. You can download your file using this link below.
Most lenders ignore issues longer than 6 years old as they no longer appear on your file but all lenders ask for no recent issues. Our expert knowledge enables us to best match a lender to your circumstances and quite often small indiscretions can mean we can get cases through at standard rates. Having a low score can be as bad as having a bad file but we have lenders that manually underwrite cases and do not use a “computer says no” approach
- Max LTV 90%
- CCJ’s Defaults accepted
- IVA
- Discharged bankrupts
- Debt Management Plans
- Missed / Late ayments
- Low credit scores
Adverse Credit Mortgage FAQs
What is an Adverse Credit mortgage?
An Adverse Credit mortgage is designed for people with poor or limited credit histories, such as those who have missed payments, defaults, County Court Judgments (CCJs), or even bankruptcy. These products cater to borrowers who may struggle to qualify for standard mortgages.
Can I get a mortgage if I’ve been declared bankrupt?
Yes, but lenders will consider how long ago the bankruptcy occurred and whether your financial situation has improved. Typically, you may need to wait several years after bankruptcy discharge before qualifying. Some specialist lenders may accept applications sooner, though they might require higher deposits or charge higher interest rates.
Will I need a larger deposit for an Adverse Credit mortgage?
Yes, lenders often require a larger deposit to offset the perceived risk. Depending on the severity of your credit issues, you may need a deposit of 15-30% of the property’s value. A larger deposit can also help secure more favourable interest rates.
How does my credit score affect my mortgage options?
Your credit score determines the level of risk a lender associates with your application. A low score or negative credit history may limit your options, but specialist lenders are more flexible in assessing applicants. Mellow Financial can work with these lenders to find a product tailored to your circumstances.
Can I improve my chances of getting an Adverse Credit mortgage?
ARRANGE A CALLYes, taking steps like clearing outstanding debts, reducing credit utilisation, avoiding new credit applications, and saving for a larger deposit can improve your application’s success rate. Our advisers can guide you on how to prepare for a successful mortgage application.
Meet The Advisers
Mellow Financial Ltd is registered with the Data Protection Act 1998 registration No. ZB649453 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 1011568 an Appointed Representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 786245 and registered with the Data Protection Act 1998 Registration No: ZA178200.
Think carefully before securing debts against your home. Your home may be re possessed if you do not keep up repayments on a mortgage or any other debt secured on it. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.