Been refused a mortgage?

There are lots of reasons why someone might have bad credit – but the bottom line is that it can prevent you from accessing the funds you really need.

Why you might need a bad credit mortgage:

  • You’ve been refused credit elsewhere
  • You’ve previously defaulted on payments – or are currently in default
  • You might have previously had a CCJ (County Court Judgement) against you
  • You might be in, or have previously been in, payment arears
  • You may be in or have been in an Individual Voluntary Arrangement (IVA)

Our financial advisors could assist you in getting back on your feet. We will try to find you a credit repair mortgage whilst your credit score improves.

Our excellent and established relationships with leading UK specialist lenders means that they trust us to support you and offer you the finance you need – no matter what your credit score.

Give us a call on 0114 303 1031 and let’s see how we can help sort your finances.

Bad Credit Mortgages FAQ's

Yes. It really depends on how bad your credit is. Lenders decide whether to lend to you or not based on a variety of factors. You’ll likely end up paying higher interest rates and you may need to come up with a bigger deposit.

A good credit first-time-buyer will be expected to have a deposit between 5%-10% – a bad credit customer is likely to need between the 20%-30%. Again this does depend on how bad your credit rating is, the more severe the higher the deposit.

Which? did a survey of 5’000 residential mortgages and found one-third of those had past credit issues. Those customers typically had a 75% LTV and a fixed-rate mortgage.

Read our guide to saving a deposit.

There is no universal credit score, each of the three credit agencies in the UK use different rules to decide your credit score. Lenders don’t publish which of these credit agencies they refer to so it’s important to have a good overall credit score. FriendsCapital has partnered up with UK Credit Ratings.

Why choose Friends Capital?


Friends Capital work with all of the UK’s top insurance companies and financial institutions meaning we represent the very best the market has to offer but brought to you with independent and impartial advice.

We will explain the pros and cons of different products and make sure that the solution you end up with will be the right one for you.


Our reputation is our bond. Friends Capital guarantee to deal with everyone with total understanding and empathy of your needs and circumstances. We do not prejudice anyone and work hard to bring you the best possible deal and outcome, regardless of your situation.

Put your trust in Friends Capital and contact us today for all of your financial and protection needs.


Friends Capital is one of the UK’s leading brokers with over 30 years experience of finding the best possible policy to suit your needs at the lowest possible price.

We search the market with all the best providers so that you don’t have to.

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