A poor credit score can mean that there are fewer mortgage lenders available to you. Always be prepared to discuss and explain your credit history with your mortgage broker who’ll explain the situation to lenders when they’re making an application for you. A lot of mainstream lenders don’t accept people with bad credit, but it just means you need to find a specialist bad credit mortgage company instead.
Depending on your specific situation, you might find that your interest rate is higher and that you’re asked to put down a larger deposit when buying your home. But speaking to a bad credit mortgage broker who can find you a specialist lender means you’re likely to find the right mortgage for you.
Read our Guide to getting a mortgage with bad credit.