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Adverse Credit Mortgages

Have bad or adverse credit and need a mortgage? In most instances we can find mortgages to suit your situation. If you've missed payments, have CCJ's, defaults or other credit problems, we can help you.

Adverse Credit explained

Money problems can affect everyone. Lenders only want to deal with those who have faultless credit histories, perfect work records and adequate deposits. Adverse credit problems can be linked to a loan default, county court judgements or being a discharged bankrupt.

Sometimes people get into debt through no fault of their own and even if they are to blame, they want to sort things out. Certainly no-one taking out a mortgage wants to see their property repossessed. Take a breathe and smile - Penny Mortgages will put the celebrations back into buying your new home! 

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What level of bad credit Penny Mortgages will accept.

There are lenders on the market that can consider any of the following current and historic credit problems

  • Missed Mortgage Payments

  • Missed finance payments ie credit cards, loans

  • Defaults

  • C.C.J’s (Count Court Judgements)

  • D.M.P’s (Debt management plans)

  • Bankruptcies

Image by Alexei Scutari

How we can help

Had issues with credit in the past? Been declined by your bank for a mortgage because of credit history? Been told there aren’t any options available to you?



It’s a common situation that we come across daily. Not everyone has a squeaky clean credit history and fortunately there are lenders available that can assist with such matters. They are typically more in depth applications as the lender requires sight of more documentation making the process slightly longer however Penny Mortgages are able to locate some solid solutions to assist in tricky circumstances. 

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