Published 29 July 2016 · Last reviewed 1 May 2026
Mortgages for missed payments, CCJs and defaults with a small deposit up to 90% Loan to Value
Wonderful news for aspiring home owners who have had credit problems as there is a brand new product on the market that will allow missed payments, CCJs and defaults with as little as a 10% deposit. Yes you can now get a Bad credit Mortgage with 10% deposit.
Until this week mortgages for applicants with credit issues were normally limited to at least a 15% (if not larger deposits). The good news this is no longer the case as we now have access to an adverse mortgage with just a 10% deposit. The access is strictly limited and is not open to the general public or indeed to many intermediaries. However, as you would expect from a Specialist Adverse Credit Mortgage Broker the 10% deposit product is open to Niche Advice customers.
90% loan to value Bad credit Mortgage
So what adverse credit does the 10% deposit mortgage allow?
DEFAULTS
Unlimited unsatisfied or satisfied defaults acceptable if registered over 3 years ago.
CCJS (County Court Judgements).
Satisfied CCJs acceptable if registered over 2 years ago and are satisfied before application.
Unsatisfied CCJs by agreement.
MORTGAGE ARREARS
Mortgage arrears (first or second charge) if they occurred over 3 years ago. Not repossessions.
PERSONAL FINANCE ARREARS
Arrears on personal ‘unsecured’ credit e.g. credit cards, loans, store cards, overdrafts, hire purchase etc considered. Maximum of status ‘2’ on your credit file in the last year.
UTILITY BILL ARREARS
Arrears on utility bills such as water bill, electricity bill, gas bill, landline telephone and mobile phone are normally fine.
DEBT MANAGEMENT PLANS
Normally acceptable provided payments have been maintained and the arrangement has been running less than 2 years.
Other criteria for the 90% Bad Credit mortgage
- Minimum property value £75,000 (£120,000 for new build flats)
- Residential mortgages only
- Minimum age 21 years
- Maximum term 40 years
- Minimum employed period 3 months
- Minimum self-employed period 2 years
- Maximum loan £500,000