Getting a mortgage with bad credit can indeed present challenges, but it's not an impossible task. If you find yourself wondering whether it's possible to obtain a mortgage despite having poor credit, the answer is a resounding yes.

However, it is important to understand that the process may be more difficult than it would be with good credit, and your options may be somewhat limited.

When you decide to apply for a mortgage, keep in mind that lenders typically conduct comprehensive credit checks on all applicants. Any negative marks on your credit history will be taken into account, and the severity and recency of these incidents will impact their assessment of your creditworthiness.

While mainstream banks may be hesitant to approve your mortgage application due to a poor credit history, there are alternatives available. Building societies and specialised "bad-credit mortgage lenders" tend to be more flexible and understanding when it comes to individuals who have faced challenging life events such as serious illness or divorce.

These specialised lenders are generally more willing to review mortgage applications from individuals with bad credit. However, it is worth noting that they may offer higher interest rates compared to other lenders and require larger deposits.

With that said, let's delve into some practical steps that can significantly improve your chances of getting approved for a mortgage:

Assess your partner's financial situation

If you are purchasing a property with a partner, it's crucial to have open and honest discussions about each other's debts and financial standing before proceeding. Understanding your partner's credit score is vital, as it will also be taken into consideration during the mortgage application process.

Focus on improving your own credit

Demonstrating a consistent history of timely payments and responsible financial behaviour is crucial for boosting your credit score. This will provide lenders with assurance of your reliability and increase your prospects of obtaining a mortgage.

Exercise patience

Over time, the negative impact of past financial issues on your credit history will diminish, particularly if you have taken proactive steps to improve your financial situation. Stay patient and continue to work on rebuilding your credit, as it will gradually improve and enhance your mortgage eligibility.

Maintain honesty with lenders

It is essential to be transparent with mortgage lenders and avoid attempting to conceal any financial issues. Lenders have ways of uncovering relevant information, so it is in your best interest to be forthright. Dishonesty will only harm your chances of securing a mortgage.

Provide explanations for past financial difficulties

Lenders often seek to understand why you faced financial challenges and, more importantly, what steps you have taken to rectify the situation. Being able to provide a clear explanation, along with evidence of positive changes, can significantly improve your prospects during the mortgage application process.


Considering these factors and implementing the recommended steps will strengthen your chances of obtaining a mortgage, even with a less-than-perfect credit history. Remember, while the path may be challenging, it is not insurmountable, and with persistence and strategic planning, you can achieve your goal of homeownership.