Credit Repair mortgages

These mortgages could be an option if you are worried about past adverse credit issues. Rates and charges tend to be higher due to the perceived risk. However once you’ve found a solution and can prove regular payments, your credit rating will improve and you can consider a more competitive deal. Here are some Frequently Asked Questions about Credit Repair mortgages for those with adverse credit.

Mortgages are secured against your home. You could lose your home if you do not keep up payments on your mortgage.

Affordability calculator

Find out how much you can borrow with our affordability calculators.

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Monthly payments calculator

Use the calculator to find out what your monthly payments might be based on the mortgage product and the type and term of your borrowing.

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Mortgage details

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Your loan to value is i

We’re sorry but the maximum LTV for this product is X%

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This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Variable rate Credit Repair mortgages

Our Standard Variable Rate (SVR) is currently 8.19% (variable). Please note from 1st January 2025 the SVR will be 7.99% (variable). There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

Product name

2 year discount

Initial rate

6.04%

Discount from SVR

2.15%

Overall cost for comparison

7.8% APRC

Max LTV %

70%

Product fee

£999

Mortgage repayment

£XXX.xx per month

Calculate

Fixed rate Credit Repair mortgages

The mortgages listed below move on to our Standard Variable Rate (SVR), 8.19% (variable) after the initial rate period. Please note from 1st January 2025 the SVR will be 7.99% (variable).

Product name

2 year fixed

Initial rate

5.69%

Overall cost for comparison

7.6% APRC

Max LTV %

70%

Product fee

£999

Mortgage repayment

£XXX.xx per month

Calculate

Product name

5 year fixed

Initial rate

5.39%

Overall cost for comparison

7.1% APRC

Max LTV %

70%

Product fee

£999

Mortgage repayment

£XXX.xx per month

Calculate

Loan:	Size: Minimum £50,000. Term: Minimum 5 years, Maximum 40 years.
Property:	Minimum Value: £100,000. Must be in England, Wales or Scotland. We are also unable to offer a Right To Buy mortgage in Scotland.
All applicants:	Must be a UK resident. Minimum age 18. Maximum age 85, subject to income in retirement.
Income:	Household income must be at least £20,000. No minimum period of employment, but must have passed probation, or have 3 years self employment history.

Loan:

Size: Minimum £50,000.
Term: Minimum 5 years, Maximum 40 years.

Property:

Minimum Value: £100,000. Must be in England, Wales or Scotland. We are also unable to offer a Right To Buy mortgage in Scotland.

All applicants:

Must be a UK resident. Minimum age 18. Maximum age 85, subject to income in retirement.

Income:

Household income must be at least £20,000.

No minimum period of employment, but must have passed probation, or have 3 years self employment history.

Income After Deductions	Sole Borrower	Joint Borrowers
£20,000-£50,000	4.5x	4.5x
Over £50,000	5.0x	5.0x

Income After Deductions

Sole Borrower

Joint Borrowers

£20,000-£50,000

4.5x

Over £50,000

5.0x

Criteria	High LTV	Standard	Credit Repair
LTV	95%	80%	70%
Defaults	None in the last 6 years	Satisfied over 2 years	Maximum £2,500 registered over 2 years
CCJ’s / Sheriff Court Decree (Scotland)	None in the last 6 years	Maximum £500 registered in last 3 years, satisfied at application	Maximum £2,500 registered over 2 years
Mortgage/Rent Arrears	None in the last 3 years	Maximum status 1 in the last 2 years, satisfied for at least 12 months	Maximum status 2 in the last 2 years, satisfied for at least 6 months
Unsecured Arrears (loans, credit cards, hire purchase etc.)	None in the last 3 years	Maximum status 1 in the last 2 years. (Utilities & mobiles ignored up to £250)	Maximum status 2 in the last 2 years. (Utilities & mobiles ignored up to £250)
Bankruptcy/IVA/Sequestration/Protected Trust Deed (Scotland)	None in the last 6 years	Satisfied over 3 years	Satisfied over 2 years
Pay day loans	None in the last year	None in the last year	None in the last year
DRO/DPP (Scotland)/DMP	None in the last 6 years	Satisfied over 2 years	Satisfied over 1 year

Credit Repair mortgages

Variable rate Credit Repair mortgages

Fixed rate Credit Repair mortgages

Representative example

Residential Lending Criteria and Information

Customer feedback

How to apply

Credit Repair mortgages

Variable rate Credit Repair mortgages

Fixed rate Credit Repair mortgages

Representative example

Residential Lending Criteria and Information

Customer feedback

How to apply

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