For people with bad credit, there are ‘Bad credit’ mortgages available to you. Bad credit mortgages tend to have high-interest rates and there will be a lower limit on how much you can borrow. You might also have to provide a larger deposit that will be at least 20-25% of the value of the property which is a lot higher than the usual 5-10%.
Because having bad credit means you will be viewed as high risk by the lender, you will have higher interest rates and a lower borrowing limit.
Use our Bad Credit Calculator to find out how much you can borrow. Read Our Bad Credit Mortgage Guide to find out all the options open to you.