What Is an Impaired Credit Mortgage?
An impaired credit mortgage is a mortgage for someone whose credit profile has been affected by past financial difficulties. The term is used interchangeably with bad credit mortgage adverse credit mortgage and subprime mortgage. They all describe the same type of specialist mortgage product.
The word impaired simply means damaged or diminished. An impaired credit profile is one where your credit score or credit history has been affected by events such as missed payments defaults CCJs IVAs bankruptcy or repossession. Darryl Dhoffer specialises in finding mortgage solutions for all types of impaired credit.
Darryl Dhoffer — The Mortgage Geezer
20+ years in mortgages. Award-winning specialist. Featured in the Daily Express, FT Adviser, The Intermediary and Daily Mirror. I have helped hundreds of people across the UK who were told no by their bank — and I work with 65+ 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 is the difference between impaired credit and bad credit? ›
There is no practical difference. Impaired credit adverse credit and bad credit are all terms used to describe a credit profile that contains negative information such as missed payments defaults CCJs or IVAs. Different brokers and lenders use different terms but they all refer to the same situation. Darryl uses all these terms interchangeably.
Can I get an impaired credit mortgage? ›
Yes. Specialist lenders offer mortgages to people with impaired credit profiles. The key is matching your specific type of credit impairment to the right lender. Darryl Dhoffer has access to 65+ lenders including specialist adverse credit lenders and knows exactly which ones suit which type of impaired credit.
Does impaired credit mean I need a specialist broker? ›
Yes. Impaired credit mortgages are not available on comparison sites or through high street banks. Specialist lenders only work through FCA-authorised brokers. Darryl Dhoffer is your route to all specialist impaired credit mortgage lenders.
How long does credit remain impaired? ›
Most adverse credit events remain on your file for 6 years. As they age their impact reduces. After 6 years they drop off your file entirely and your credit profile recovers to whatever your underlying payment behaviour has been since. Darryl will tell you exactly how your specific credit history affects your current options and your future outlook.
Is an impaired credit mortgage more expensive? ›
Typically yes by 0.5-2% above standard rates depending on the severity and age of the credit impairment. However as your credit improves and you remortgage the rate improves. Darryl plans every case with the full mortgage journey in mind not just the initial product.
Get Your Free Assessment Today
No credit search. No obligation. Darryl personally reviews every enquiry and responds within 2 hours.
01234 237321
contact@themortgagegeezer.co.uk
FCA No. 301173
47 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.
Back to The Mortgage Geezer
Lender criteria, rates and deposit requirements quoted on this page are indicative and subject to change without notice. Individual circumstances vary. This page provides general information only and does not constitute regulated financial advice. Darryl Dhoffer is authorised and regulated by the Financial Conduct Authority — FCA No. 301173. Access Financial Services Ltd, registered in England No. 04427489. Your home may be repossessed if you do not keep up repayments on your mortgage.
