Securing a mortgage with a poor credit score can be challenging, especially when lenders have stringent eligibility criteria. However, having a very poor credit score doesn’t automatically disqualify you from obtaining a mortgage. In this blog post, we will explore the options available for individuals with a low credit score who are looking to secure a mortgage.

1. Understanding the Impact of a Poor Credit Score:

In assessing mortgage applications, credit scores play a significant role. Lenders use credit scores to evaluate the level of risk associated with lending money. A poor credit score often indicates a history of missed payments, defaults, or financial difficulties. It is crucial to understand how your credit score affects your mortgage eligibility and take steps to improve it.

2. Seek Professional Advice:

When dealing with a very poor credit score and considering a mortgage application, it’s advisable to consult a professional mortgage advisor. They can assess your financial situation, review your credit history, and provide tailored advice on improving your credit score.

3. Explore Specialist Mortgage Lenders:

There are specialist mortgage lenders who cater specifically to individuals with poor credit histories. These lenders understand that a low credit score doesn’t necessarily reflect your current financial situation and consider other factors, such as recent payment history and affordability. While interest rates may be higher, these lenders may be more willing to consider your application and offer a mortgage solution that suits your needs and circumstances.

4. Consider a Guarantor Mortgage:

If your credit score is exceptionally low, a guarantor mortgage can be an option worth exploring. A guarantor is someone, often a family member, who agrees to be responsible for the mortgage repayments if you default. Having a guarantor with a strong credit history can strengthen your application and increase your chances of securing a mortgage.

5. Save for a Larger Deposit:

Saving for a larger deposit can help compensate for a poor credit score when applying for a mortgage. Lenders may be more willing to lend if you can provide a substantial deposit, as it demonstrates your commitment and reduces the risk for them. By saving diligently and building a larger deposit, you can enhance your prospects of obtaining a mortgage despite your credit score.


While getting a mortgage with a very poor credit score is undoubtedly challenging, it is not entirely impossible. By seeking professional advice, exploring specialist lenders, considering a guarantor mortgage, and saving for a larger deposit, you can increase your chances of securing a mortgage. Remember to continue working on improving your credit score by making timely payments, resolving outstanding debts, and maintaining a responsible financial profile.