Published 17 February 2017 · Last reviewed 25 February 2017 · Older article — see current rates
If your looking for a Mortgage Broker to help you with a Mortgage with Bad Credit even with 10% deposit (90% loan to value) then you have come to the right place.
If your mortgage request has been turned down by your bank we may have the perfect replacement lender and product. In fact, itโs currently one of our best sellers and rate for clients looking for a Mortgage with Bad Credit with low deposit levels.
The minimum deposit is just 10% which is market leading for a product of its type and the lenders can work withย Employed, Self Employed and Contractors with daily rates. Others lenders Mortgage with Bad Credit products often need the client to put down a deposit of 15% to 20% which makes this product really stand but the lender is also very flexible with other criteria which I have outlined below.
The Mortgage Lender will consider:
- Multiple income streams
- Contract workers including zero hours and agency workers
- Bonus income
- Debt consolidation
- Fostering income
- Investment income including property and vested shares
- Mortgage subsidy
- Car and travel allowances
- Net profit for family run limited companies
- Bursary income
In addition, bad credit issues such as:
- CCJs registered over two years (satisfied is preferable).
- Defaults registered over two years. All communications defaults are ignored.
- Current Debt Management Plans (DMPs) that have conducted well for the last 2 years.
- Unsecured borrowing arrears that have been bought up to date (no more that status โ2โ on your credit record in the last 12 months).
- Mortgage arrears that occurred over 2 years ago.
Think carefully before securing debts against your home or property. As a mortgage is secured against your home or property, it could be repossessed if you do not keep up the mortgage repayments. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
The content of this article does not constitute giving advice; it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply.
Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263.



