Adverse Credit Mortgages

Adverse Credit Mortgages are designed for individuals who have faced challenges with their credit history. Whether you’ve had past financial difficulties, such as bankruptcy or repossession, securing a mortgage might seem daunting. However, with the right support, you can still achieve your dream of homeownership.

At Fennel Financial, we specialise in navigating the complexities of Adverse Credit Mortgages. Our expert advisors work closely with you to identify suitable lenders and mortgage products that cater to your unique financial situation. Let us guide you through the process, ensuring you have the best possible chance of securing a mortgage that fits your needs.

Adverse Credit Mortgages are specialised mortgage products designed for individuals who have experienced financial difficulties in the past, such as bankruptcy, repossessions, or prolonged periods of missed payments. These mortgages cater to borrowers who may not fit the standard lending criteria due to their credit history.

Lenders offering Adverse Credit Mortgages typically take into consideration factors beyond just credit scores, such as current income stability, employment history, and overall financial health. The terms of these mortgages may vary, often featuring higher interest rates and larger deposit requirements to mitigate the increased risk associated with lending to individuals with adverse credit records.

Securing an Adverse Credit Mortgage involves demonstrating to lenders that you have managed to improve your financial situation since any negative credit events. This might include providing evidence of consistent income, maintaining a stable employment record, and showing responsible financial behaviour moving forward. Understanding the specific requirements and preparing the necessary documentation is crucial when applying for an Adverse Credit Mortgage.