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Yes, it can be possible to get a mortgage even if you have a history of bad credit.
While some high street lenders may be cautious, there are specialist lenders who offer bad credit mortgages in Leicester designed for people with issues such as missed payments, defaults, CCJs, or even bankruptcy.
Your eligibility will depend on factors like how recent the credit issues are, the severity of the problem, and your current financial situation.
The first step to securing a bad credit mortgage in Leicester is to check your credit report to understand your current financial standing.
Improving your credit score where possible, reducing existing debts, and saving a larger deposit can help improve your chances.
Getting mortgage advice in Leicester can be beneficial; speaking with an expert can connect you with lenders who specialise in helping people with adverse credit histories.
As a mortgage broker in Leicester, we’ve helped many customers secure a mortgage with bad credit in Leicester, even when they thought it wasn’t possible.
Whether you’ve had defaults, CCJs, missed payments, or other financial issues, there are lenders out there who may consider your application.
Every situation is unique, and with the right guidance, you can find a mortgage that suits your needs and helps you move forward.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
Lenders offering bad credit mortgages in Leicester consider a range of credit issues, including missed payments, defaults, County Court Judgments (CCJs), debt management plans, and even bankruptcy.
Each lender has different criteria, with some being more flexible depending on the severity and age of the credit problems.
Yes, interest rates for bad credit mortgages in Leicester are often higher than standard mortgage rates.
Lenders view these applications as higher risk, which can lead to increased rates.
However, as your credit improves over time, you may have the opportunity to remortgage to a better deal in the future.
The deposit required for a bad credit mortgage in Leicester typically depends on the severity of your credit issues.
While some lenders may accept a 5–10% deposit, others might require 15% or more if your credit problems are recent or severe.
A larger deposit can also help secure better interest rates.
Yes, it’s possible to get a bad credit mortgage in Leicester after bankruptcy, but you’ll usually need to wait until you’ve been discharged for at least 12 months.
The longer it’s been since your bankruptcy, the more lenders may be willing to consider your application, especially if you’ve taken steps to rebuild your credit.
Yes, applying for multiple mortgages in a short period can negatively impact your credit score because lenders perform hard credit checks.
This is why it’s important to work with a mortgage expert who can guide you towards the most suitable lenders for bad credit mortgages in Leicester, reducing the need for multiple applications.
Yes, you can improve your chances by checking your credit report for errors, reducing outstanding debts, making payments on time, and saving for a larger deposit.
Demonstrating financial stability and responsible borrowing habits will make you a more attractive candidate for lenders offering bad credit mortgages in Leicester.
If you have bad credit and need to speak to an expert, get in touch with our mortgage advisors in Leicester today and we can take a look at your situation for you.
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Anonymous
Very professional. Kept me informed every step of the way. Explained the mortgage application process fully. Found me another lender immediately, after my first application got rejected.
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I found Moneyman to be very professional and easy to work with. They explained everything clearly, kept me informed throughout the process, and were always easy to contact. I especially appreciated the personal touch of having a video call, which...
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Great and knowledgeable advisor, Leo has been helping every step of the way and was able to answer lots of questions and provide lots of advise. Highly recommend using Leicestermoneyman
6 months ago
Emma
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Neil
Highly recommend Leo Shakespeare! Leo has been very helpful, approachable and informative - we will be recommending him to others who are buying a home.
7 months ago
Elizabeth
I approached moneyman with an urgent problem of remortgaging my property within a deadline of 2 months or I loose my property .I was professionally welcomed by Paula and her 2 other colleagues who gave me advice and options of what I can do ....
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Brilliant service thank you for all your help
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Grant
Very fast friendy service, any questions were answered throughly and quickly and the whole service from start to finish was smooth and stress free.
1 year ago
Lucy
Excellent service from start to finish! Chris kept us fully informed and answered all of our questions throughout. He took the pressure off us and was professional throughout! Highly recommend!!
1 year ago
Rebekah
Jo and Chris were extremely helpful. Got everything done so quickly!
1 year ago
Joanne
It was smooth, took all the stress of reseaching the best mortgage. Easy access to appointments. TOM was great and understanding
2 years ago
Bhaven
Very very good thank you
2 years ago
Zubair
Charlie was very easy to talk too and made things easy and simple to understand and explained our options in detail which really helped us through the process as first time buyers.
2 years ago
James
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
2 weeks ago
Samantha
Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
2 weeks ago
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
3 months ago
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I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
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Nazeef
Fantastic experience. Charlie helped me race through to secure the most suitable mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
6 months ago
Book a free initial mortgage appointment to discuss your situation and explore your options for a bad credit mortgage in Leicester.
We’ll review your financial history, understand your needs, and help you find lenders who are more likely to consider your application.
We’ll search through 1000s of mortgage products, including deals from specialist lenders who work with applicants who have bad credit.
This ensures we find the most suitable bad credit mortgage in Leicester tailored to your circumstances.
Once you’re happy with the recommended deal, we’ll guide you through the application process, handling all the paperwork.
We’ll present your case clearly to the lender, giving you the best chance of securing a mortgage despite your credit history.
After your mortgage is approved, we’ll support you right through to completion, ensuring everything goes smoothly.
Whether you’re buying a new home or remortgaging, we’re here to make the process as stress-free as possible.
We offer a free initial mortgage appointment to help you explore your options for a bad credit mortgage in Leicester.
This gives you the opportunity to discuss your situation in detail and get expert advice with no obligation.
We have access to 1000s of mortgage products, including specialist deals from lenders who work with applicants with bad credit.
This ensures we can find the most suitable bad credit mortgage in Leicester tailored to your specific needs.
Our friendly, personalised service is designed to make the mortgage process as simple and stress-free as possible.
We’ll guide you through every step, offering clear advice and support from your first enquiry to completion.
We’re available 7 days a week, so you can get the support you need when it suits you best.
Whether it’s an evening call or a weekend appointment, we’re here whenever you need us.
If you’ve had a County Court Judgment (CCJ), getting a mortgage can feel challenging, but it’s not impossible.
Some lenders offering bad credit mortgages in Leicester are willing to consider applications from people with CCJs, especially if the judgment was for a small amount or has been satisfied.
The key factors lenders will look at include how recent the CCJ is, whether it’s been repaid, and your overall financial stability since it was issued.
A default on your credit file can make mainstream lenders cautious, but there are specialist lenders who understand that financial difficulties can happen.
Whether the default was due to missed payments on a loan, credit card, or utility bill, you may still qualify for a bad credit mortgage in Leicester.
Lenders will consider the size of the default, how long ago it occurred, and whether your finances have improved since then.
Showing that you’ve managed your money well recently can help strengthen your application.
A low credit score doesn’t automatically mean you can’t get a mortgage.
Lenders offering bad credit mortgages in Leicester often look beyond just your credit score and consider the bigger picture, such as your income, employment status, and recent financial behaviour.
Sometimes, a low score can result from simple things like not being on the electoral roll or having limited credit history.
Improving these small details can help boost your score, but even with a low score, there are lenders who may be able to help.
If you’re in a Debt Management Plan (DMP), or have recently completed one, securing a mortgage can be more complex, but it’s definitely possible.
Some lenders offering bad credit mortgages in Leicester are open to applicants with active or settled DMPs, provided you’ve been managing your payments consistently.
Lenders will want to see that you’ve taken steps to get your finances under control and that you can afford the mortgage repayments alongside any existing commitments.
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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