Having a poor credit score can make it difficult to get approved for a mortgage. However, it is not impossible to get a mortgage with poor credit and there are some steps you can take to improve your chances of getting approved. In this post, we will discuss what you need to know about getting a mortgage with poor credit and how you can increase your chances of success.


What Is Considered Poor Credit?

Before we discuss how to get a mortgage with poor credit, it is important to understand what is considered “poor” credit. Generally speaking, if your credit score is below 600, then this is considered “poor” or “bad” credit. A score of 600 or higher is generally considered “good” or “excellent” credit. If you are unsure of your current credit score, you can check it for free on websites such as Check My File, Experian or Equifax.


How Can I Improve My Credit Score?

If you have poor credit, there are steps you can take to improve your score before applying for a mortgage. The most important thing is to make sure that all of your bills and payments are up-to-date and that there are no outstanding debts or defaults on your record. Additionally, it may be beneficial to reduce the amount of debt that you have by paying off any outstanding loans or balances that you may have. Finally, try not to apply for too many new lines of credit as this could negatively affect your score.


What Are My Options For Getting A Mortgage With Poor Credit?

If you have poor credit but still want to get approved for a mortgage, there are some options available to you. One option is to apply for a specialist bad-credit mortgage which is designed specifically for people with lower scores. These mortgages usually come with higher interest rates and fees but they may be more accessible than traditional mortgages if your score is low enough. Another option is to apply for a guarantor loan which requires someone else (usually a family member) to guarantee the loan and act as an additional form of security against defaulting on payments. Finally, if all else fails, some lenders may offer secured loans which require collateral such as property or other assets in order to secure the loan against defaulting on payments.


How Can I Increase My Chances Of Success?

Although getting approved for a mortgage with poor credit can be difficult, there are some steps that you can take in order to increase your chances of success:

• Make sure all bills and payments are up-to-date: This will show lenders that you are responsible when it comes to managing money and paying bills on time

• Reduce existing debt: Reducing existing debt will help improve your overall financial situation which could help when applying for a loan

• Check eligibility criteria: Different lenders have different eligibility criteria so make sure that you check these before applying so that you know what kind of loan would be suitable for your situation

• Consider using a mortgage advisor: An mortgage advisor may be able to help find the best deal available based on your individual circumstances

• Be prepared: Make sure that all relevant documents such as payslips and bank statements are ready before applying so that lenders can assess them quickly and accurately



Getting approved for a mortgage with poor credit can be difficult but it is not impossible. By taking steps such as improving your overall financial situation and checking eligibility criteria before applying, it may be possible to increase your chances of success when applying for a loan.