71-75 Shelton Street | Covent Garden
London | WC2H 9JQ​​
0207 096 1988

Bad Credit

If you have experienced financial difficulties in the past which led to having defaults, CCJs or mortgage arrears and left you with a colourful credit history then your mortgage application most likely will not be considered by the high street lenders and most of the intermediary only lenders.

Here at Olympia Finance, we work with many specialist lenders who consider/ accept applications from adverse credit applicants for first time buyer mortgage, residential remortgage or buy to let mortgage.


Getting a mortgage with bad credit

A bad credit mortgage is similar to a standard mortgage but they have higher interest rates and charges. This is also known as sub-prime mortgage or adverse credit mortgage and can help people with poor credit histories to get on the property ladder.

Credit scores can be affected by a number of reasons. If you have any of the followings we may still be able to help

  • Unsatisfied or satisfied defaults
  • Unsatisfied or satisfied CCJs/ country court judgments
  • Missed credit card, loan or mortgage payments
  • On a debt management plan

Contact us to discuss your situation with a mortgage adviser. Most of the time we are able to help an adverse credit client to find the right mortgage deal from our whole of market panel. In case you are not eligible to get a mortgage right now, we will advise you how you can improve your credit profile and get the desired mortgage you want

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