Bad Credit Mortgage – Secure the Right Mortgage Despite Your Credit History
London’s high-risk lending market is brutal for buyers with missed payments, defaults, or low credit scores. High-street lenders run applications through rigid automated credit-scoring models that flag any negative marks—no explanations, no context, just a straight rejection.
We work differently. PL Mortgages London partners with manual-underwriting lenders who assess your case based on financial reality, not a computer-generated pass/fail score. If you’ve been turned down, had a lender ghost you after a Decision in Principle, or are stuck with crippling interest rates, we know exactly how to structure a bad credit mortgage that works for you.
How We Make Bad Credit Mortgages Work
Most high-street lenders rely on algorithm-driven underwriting that instantly rejects applicants with even minor credit file blemishes. We work exclusively with lenders offering manual underwriting, meaning every case is assessed by a real human.
Here’s how we do it:
Step 1: Full Credit & Affordability Review
✔ We pull your full credit report from Experian, Equifax, and TransUnion.
✔ Identify and correct errors—many reports contain outdated defaults or settled accounts still flagged as unpaid.
✔ Debt-to-Income (DTI) Ratio Optimization—If high, we work on liability shifting strategies to improve affordability.
Step 2: Match You With the Right Lender
✔ High-street banks reject bad credit applicants instantly. We work with:
- Bluestone Mortgages (good for self-employed with one year of accounts)
- Pepper Money (accepts small CCJs and defaults under £2,500)
- Vida Homeloans (favors complex income structures)
- Aldermore & Kent Reliance (buy-to-let lenders with flexible criteria)
Each lender has unique approval guidelines—applying blindly gets you declined. We position applications for maximum acceptance.
Step 3: Strengthening Your Application
✔ Deposit Strategies—More deposit = lower risk. We advise on exact deposit thresholds to offset credit issues.
✔ Income Structuring—Salary, dividends, rental income, and benefits are calculated differently by each lender—we optimize presentation.
✔ Credit Repair Tactics—Outdated CCJs, errors, and old defaults can often be removed before application.
Income Verification Support
✔ We negotiate terms to lower interest rates and minimize upfront fees.
✔ Direct lender relationships mean fewer delays and faster turnaround times.
✔ We manage paperwork, lender communications, and compliance hurdles—so you don’t have to.
Frequently Asked Questions
Most lenders require 15-25%, but we have lenders accepting 5-10% deposits with strong affordability proof.
Yes. Lenders like Pepper Money and Bluestone Mortgages ignore CCJs under £2,500 if over 12 months old.
Higher than prime rates, but structured correctly, you can refinance to better terms in 24 months.
Not always, but a joint borrower sole proprietor (JBSP) mortgage with a family member can improve approval odds.
Many lenders accept applications 2-3 years after bankruptcy discharge with a minimum 15% deposit.
Take the Next Step
London’s mortgage market is ruthless, but bad credit isn’t a dead-end—it’s just an obstacle to work around. If you’ve faced rejection from high-street banks, don’t keep applying blindly. Every declined application damages your credit score and approval chances.
Speak with an expert who knows the lenders, understands the criteria, and gets real approvals.
Stop getting generic “computer says no” rejections—let’s get your mortgage application structured properly.
Book a consultation and get your mortgage approval process moving today.
