bad credit mortgages

Sometimes things happen in life and it doesn’t take a lot to be considered a higher risk due to some adverse or bad credit information being held against us. At Affinity we understand this market and are able to source mortgages and guide clients safely through these situations, and being independent brokers means we can find a mortgage within this specialist field on behalf of our clients.

Bad credit mortgages

two ways to apply.

At Affinity, we recognise that different people take different approaches. If you prefer to dot your own ‘I’s and cross your own ‘T’s, feel free to proceed to Affinity Online. If you’d prefer to let us look after your mortgage application, there’s Affinity Connect.

why use affinity connect?

complete your own application with affinity online

Get your paperwork handy, your ducks in a row and your game face on, it’s time to apply…

let us guide you with affinity connect

If filling out forms is not your thing, give us your info, put your feet up and let us get to work…

bad credit mortgage application quick guide

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document checklist
Make sure you can assemble all of the paperwork listed here.
choose a product
There are a number of different types of mortgage out there – pick the one that suits – we’re here to advise you if you need help.
look at affordability
Have a long hard look at your incomings and outgoings to calculate what you can save each month towards mortgage repayments.
agreement in principle
Once we have established the right product and lender for you and made an application, we will obtain an agreement in principle from the lender, meaning you can go house-shopping knowing exactly what you will be able to spend.
find a home
It’s house-hunting time. With your budget and location requirements established, it’s up to you to find your perfect pad.

most common faqs

How do I work out my outgoings?

If you click the link here, you can download our Budget Planner which provides a handy guide to calculating your monthly outgoings.

Can I get a mortgage with poor credit?

Even if you're accepted, you may face higher interest rates and/or fees, as borrowers with poor credit ratings may not have as much choice as those with good credit scores. However, there are lenders who may consider those who might be rejected for mortgages elsewhere.

Can I get a mortgage with bad credit but big deposit?

A bad credit mortgage is similar to a standard mortgage, but they have higher interest rates and charges… The risk on their side is mitigated by the higher interest rate and larger deposit you pay. You will also probably need a deposit of at least around 15% or more of the value of the property. 4 Sep 2018

What is the minimum credit score for a mortgage?

Credit History and Score Requirements. For those interested in applying for an FHA loan, applicants are now required to have a minimum FICO score of 580 to qualify for the low down payment advantage, which is currently at around 3.5 percent.

your question not answered here? view all faqs

affinity connect

Your teacher was wrong. You don’t have to apply yourself. If time is short, let us do what we’re good at. We’ll fill out all the forms without making any of those easy-to-make mistakes that can cause delays or even cause an application to be rejected.

affinity connect
complete flexibility

complete flexibility.

Nothing is set in stone, both in terms of how we approach finding the right deal for you – or the deal itself. If we can change anything up to make it more suitable to you, we’ll do it.

experienced, dynamic advisors.

When you contact us, it’s not an intelligent algorithm that’s replying to you – it’s an intelligent human. We’ll be up close and personal throughout your process.

experienced, dynamic advisors
Happy clients

happy clients make us happy.

Setting our clients on their way with the ideal financial product is what gives us the warm fuzzy feeling of a job well done. And our clients seem to appreciate it too.

have a question?

If there’s anything you’re unsure about, or if you just want to get the ball rolling, please email us – or give us a call if you want to have a word with a friendly human.

Contact us