Frequently Asked Questions about Credit Repair mortgages

A Credit Repair mortgage is a potential option if you have had problems with your credit in the past. People who have experienced defaults on credit agreements or even Individual Voluntary Arrangements (IVAs) and County Court Judgements (CCJs) may be considered for this type of mortgage with Bath Building Society. Loan to value limits (LTV) and conditions will apply so please contact our mortgage team for more information.

Bath Building Society offers a range of mortgages to help you repair your credit, these can also be called Subprime mortgages. People who have experienced bad credit from defaults, Individual Voluntary Arrangements (IVAs), County Court Judgements (CCJs), arrears and bankruptcy may fit the criteria for a Credit Repair mortgage. More detail can be found here under the lending criteria option.

Our current lending criteria on the Credit Repair mortgages can be found here.

Bath Building Society has set out some clear guidelines for our Credit Repair mortgages, therefore if you have experienced problems with credit in the past and you know what level these are, you can check this against our lending criteria here, please also feel free to contact our mortgage team who can discuss individual cases in more detail.

Interest rates can vary depending on the personal circumstances, getting a mortgage after bankruptcy or an Individual Voluntary Arrangement (IVAs), County Court Judgement (CCJ) etc will mean paying a higher rate than a standard mortgage, however our mortgage team are committed to finding you the best product they can if it’s possible for your individual scenario.

Valuation and product fees are comparable to the rest of our range, with Credit Repair mortgages the interest rates are higher whilst you are trying to fix your credit.

This will vary depending on your personal circumstances and how you have repaired your bad credit. Most credit scores improve after the issue has been satisfied for 6 years or more.

Yes, we can consider a mortgage after bankruptcy. The bankruptcy will need to be satisfied for a certain amount of time. Our current lending criteria can be accessed here but please feel free to contact our mortgage team to discuss individual circumstances.

The documents required will be the same as any of our mortgages, we may however ask for further detail of the cause of the bad credit.

An adverse credit can be called many different things, for example, Subprime mortgages or Bad credit mortgage etc in essence they are mortgages that are available for people that have had credit problems in the past and are unable to get a standard mortgage at this time.

This will vary depending on individual circumstances. Details of our lending criteria can be found here but please feel free to contact our mortgage team to discuss your individual circumstances.

Adverse credit may range from a small default up to bankruptcy. If you are concerned that you may have poor credit and would like to know more about our mortgage range and what may be available our lending criteria can be found here. You can also contact our mortgage team who will be happy to discuss your enquiry.

These names can be used for the same type of mortgage, each lender will have their own policy and lending criteria, however our product is called a Credit Repair mortgage and takes into account many adverse credit scenarios, more detail of our lending criteria can be found here.

Although having poor credit isn’t ideal, we have mortgages that may help people who require a mortgage after having credit issues. These can include people who have had bankruptcy, Individual Voluntary Arrangements (IVAs) or County Court Judgements (CCJs) etc. Our lending criteria can be found here but you can also contact our mortgage team who will be happy to discuss your enquiry.

We have products that may help people who require a mortgage after having poor credit, including County Court Judgements (CCJs). We may also consider a mortgage after bankruptcy, Individual Voluntary Arrangements (IVAs) etc. Our lending criteria can be found here to see if your circumstances fit or you can contact our mortgage team who will be happy to discuss your enquiry.