Award-Winning Bad Credit Specialist · FCA No. 301173
Adverse Credit Mortgage UK Expert Independent Advice
Adverse credit mortgage is the technical term for what most people call a bad credit mortgage. Whatever you call it Darryl Dhoffer specialises in finding the right solution.
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Award-Winning
90+ Lenders
FCA No. 301173
01234 237321
What Is an Adverse Credit Mortgage?
An adverse credit mortgage also called a bad credit mortgage subprime mortgage or non-standard mortgage is a mortgage product designed for borrowers whose credit history contains issues that prevent them from qualifying with mainstream lenders.
The term adverse credit covers a wide range from a single missed payment 3 years ago to active IVAs multiple CCJs and discharged bankruptcy. The type age and severity of the adverse credit determines which lenders will consider you and at what rate.
Darryl Dhoffer — The Mortgage Geezer
20+ years in mortgages. Award-winning specialist. Featured in the Daily Express, FT Adviser and The Intermediary. I have helped hundreds of people across the UK who were told no by their bank — and I work with 90+ lenders including specialist adverse credit lenders you will not find on comparison sites.
When you contact me, you speak to me directly. No call centres. No being passed around. I personally review every case and respond within 2 hours.
CeMAPCeRERFCA 301173AWARD WINNINGINDEPENDENTWHOLE OF MARKET
Frequently Asked Questions
What counts as adverse credit for a mortgage? ›
Adverse credit for mortgage purposes includes missed or late payments defaults County Court Judgments CCJs Individual Voluntary Arrangements IVAs Debt Management Plans DMPs bankruptcy repossession and payday loan use. The severity is assessed by the type of issue the amount involved how recently it occurred and whether it has been resolved.
Is an adverse credit mortgage the same as a bad credit mortgage? ›
Yes. Adverse credit mortgage bad credit mortgage subprime mortgage and non-standard mortgage are all terms used to describe mortgages for borrowers with credit history issues. The mortgage industry tends to use adverse credit as the formal term. They refer to the same type of mortgage product.
How do adverse credit mortgage lenders assess applications? ›
Specialist adverse credit lenders make individual underwriting decisions rather than using automated scoring. They assess the type of credit issue when it occurred the amounts involved whether it is resolved your income and affordability your deposit size and your overall financial stability.
Can I get an adverse credit mortgage as a first-time buyer? ›
Yes. Being a first-time buyer with adverse credit is a situation Darryl Dhoffer encounters regularly and has significant success with. Specialist lenders consider first-time buyer adverse credit applications on their individual merits. The deposit requirement is typically higher than for standard first-time buyer products but affordable options do exist.
How much more expensive is an adverse credit mortgage? ›
Adverse credit mortgages typically carry rates 0.5-2% above standard rates depending on the severity and age of the credit issues. However this is not permanent. As your credit issues age and eventually drop off your file remortgaging to better rates becomes possible. Darryl creates a long-term plan for every client.
Get Your Free Assessment Today
No credit search. No obligation. Darryl personally reviews every enquiry and responds within 2 hours.
01234 237321
darryl@themortgagegeezer.co.uk
FCA No. 301173
43 Five-Star Reviews
The Mortgage Geezer is a trading style of Access Financial Services Limited, authorised and regulated by the FCA No. 301173. Your home may be repossessed if you do not keep up repayments on a mortgage.
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