SPECIALIST ADVERSE CREDIT MORTGAGE ADVICE
Worried your credit history could affect your mortgage? Our specialist advisers can help you understand your options.
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Self-employed applicants with adverse credit face two challenges at once: proving income that lenders can rely on, and getting past the credit issues on their file. Both can be workable with the right specialist lender. What may be possible depends on your trading history, how you evidence income, the type and age of your adverse credit, your deposit and your affordability. High street lenders often decline this combination automatically. Specialist lenders assess the detail.
Sole traders, limited company directors and contractors with adverse credit are cases we deal with every week. The right lender depends on which structure you trade under, how many years of accounts you have, how consistent your income has been, and the specifics of your adverse credit.
A common mistake is being talked into an application at the wrong lender by a general adviser who does not understand self-employed adverse credit. That leads to declines and hard searches. Case placement with a specialist who knows both the self-employed lender criteria and the adverse credit criteria makes the difference.
We talk through your situation and goals. No obligation, no credit mark.
We assess the specifics and everything else lenders will want to know.
We target the specialist lenders whose criteria fit your case.
We package the case, submit it and guide you through to offer.
Adverse credit mortgages are not a sideline for us. Cases involving CCJs, defaults, IVAs, DMPs and bankruptcy discharges are a core part of what we do, and we have helped thousands of clients through them.
You will work with qualified, named advisors who explain things honestly, including when the timing is not yet right. We would rather give you a straight answer than send you towards a rejection.
In many cases, yes. Specialist lenders regularly consider self-employed applicants with adverse credit. It depends on your trading history, how you evidence income, the type and age of your adverse credit, your deposit and your affordability. Acceptance can never be guaranteed but a broker-led match gives you the best chance.
Two years is standard. Some lenders will consider one year with strong evidence, particularly for contractors or when adverse credit is historic. Longer trading histories give more choice.
Some lenders will consider salary plus retained profit rather than just salary plus dividends. This can significantly increase borrowing power for company directors. Not all lenders offer it, and adverse credit narrows the pool further.
Both, depending on the lender. SA302s and tax year overviews are widely accepted for sole traders. Ltd company directors may need full accounts. Specialist lenders often accept a range of evidence types.
Yes, it narrows the market. Fewer lenders will consider both sides of the case at once. That is why case placement with a specialist matters. The right first application avoids the hard searches that make later applications harder.
In many cases, yes. Some specialist lenders use day rate multiplied by working weeks as the affordability basis, and will consider adverse credit alongside. This works best for established contractors with a continuous contract history.
No. An initial conversation and a look at your situation is a soft enquiry and leaves no mark on your credit file. A hard search only happens later, with your permission, when you formally apply to a specific lender.
Our office is in Nottingham, at Park Lane Business Centre, NG6 0DW. You do not need to visit. We help self-employed adverse credit clients right across the UK by phone, email and video.
A short, free conversation is the quickest way to find out where you stand. No pressure, no jargon, and no mark on your credit file.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
My Mortgage Specialist Ltd is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 1002905, an Appointed Representative of TMG Direct Limited (FRN 786245) which is authorised and regulated by the Financial Conduct Authority. The guidance contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Some types of buy to let mortgages are not regulated by the Financial Conduct Authority. As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments.
