Bad credit isn't necessarily the end of the road

At Chartwell, we understand that having bad credit can make securing a mortgage or loan seem daunting. However, our specialist advisors have access to a wide network of lenders, including those not available on the high street and smaller building societies that take a more human approach to underwriting. This unique access allows us to find solutions tailored to your specific needs, including any of the following:

Mobile phone defaults

County Court Judgements (CCJs)

Historic mortgage arrears

In or recently completed a debt management plan

Discharged bankruptcy

Missed payments on an unsecured debt

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How Bad Credit Can Affect Getting a Mortgage

Having bad credit can make obtaining a mortgage more challenging, but it's certainly not impossible, even for first-time buyers. Lenders will evaluate the severity of your credit issues to gauge the risk you pose and your ability to make regular repayments. In the wake of the 2008 credit crunch, many mainstream lenders have adopted stricter lending criteria, which may exclude those with bad credit. Nevertheless, there are still alternatives available.

Some lenders specialise in working with individuals who have poor credit histories, including those buying their first home. These lenders are more willing to consider your overall financial situation rather than just your credit score, providing more flexible lending options.

If you're worried about how your credit history might affect your mortgage application, it’s important to consult with one of our specialist mortgage advisors early in the process. At Chartwell, we’ll take the time to thoroughly review your credit profile and offer tailored advice to improve your chances of approval. Our dedicated advisors are here to help you navigate the complexities of securing a mortgage, ensuring you find the best possible solution for your circumstances.

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How we can help

At Chartwell, we understand that securing a mortgage with bad credit can be challenging, but it’s not impossible. Our specialist advisors are experienced in helping clients with less-than-perfect credit histories find suitable mortgage solutions. Here’s how we can assist you:

Personalised Assessment

We begin with a thorough review of your financial situation, credit history, and unique circumstances. This allows us to understand your specific needs and challenges, and to tailor our advice accordingly.

Access to Specialised Lenders

Chartwell has access to a wide network of lenders, including those who specialise in offering mortgages to individuals with bad credit. These lenders are often more flexible and willing to consider applications that traditional high street banks might reject.

Expert Guidance

Our knowledgeable advisors will guide you through the entire mortgage process, explaining the various options available and the implications of each. We’ll help you understand the terms and conditions, interest rates, and any additional fees, ensuring you make an informed decision.

Improving Your Credit Profile

We provide practical advice on how to improve your credit score, such as managing your debts, making timely payments, and addressing any inaccuracies on your credit report. Enhancing your credit profile can increase your chances of securing a better mortgage deal.

Ongoing Support

From the initial consultation to the final approval, our advisors will be with you every step of the way. We handle the paperwork, liaise with lenders, and keep you informed throughout the process, making your journey to homeownership as smooth as possible.

Tailored Solutions

Whether you’re a first-time buyer, looking to remortgage, or seeking to buy-to-let, we tailor our solutions to meet your specific goals. Even with bad credit, we strive to find the most favourable terms and conditions for your mortgage.

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What our customers say

See what real customers have to say about their experiences with the Chartwell Funding team

Read all our testimonials on Trustpilot
5-stars on Trustpilot
Great remortgage experience
Duncan and his team worked extremely hard to ensure we could get the best fixed rate available for our remortgage. We felt that we as clients always came first and that Duncan and Chartwell were constantly scanning the horizon on our behalf. Very happy to recommend them to anyone looking for an expert broker to help them with any sort of mortgage need.

Chris

5-stars on Trustpilot
Great service by Jordan and Daniel
Jordan has been excelent in sorting out our insurance, not only we saved £10 each month, but we got an upgraded plan. Also worth mentioning Daniel, our mortgage advisor. Always proficient in securing the best rates and very patient ensuring that we understand everything.

Mr Gherman

5-stars on Trustpilot
Fantastic service
Fantastic service. Great communication. They made everything clear and simple. Great company - I wouldn’t go anywhere else now!

Joe Thurston

5-stars on Trustpilot
I had a great experience!
I had a great experience with Chartwell Funding, everyone one was so helpful and informative. I always had a lot of questions and everyone happily helped with no bother. A big thank you to Dan and Star who made the process easy for me and always went above and beyond to help me through it. Thank you so much, I really appreciate it.

Cheryl

5-stars on Trustpilot
Amazing experience with Chartwell
Amazing experience with Chartwell, Duncan and the team really helped me secure a good mortgage for my first home. They were all welcoming, quick with replying and even checked up on me after it went through. I can't thank them enough for making it all feel easy!

Jordan

5-stars on Trustpilot
Fantastic and trustworthy company
Fantastic and trustworthy company. Once again Matt and his team guided me through the mortgage process checking in throughout and answering any query with efficiency.

Mrs Murray

Frequently asked questions

Here are some of the most common FAQs we hear about buying a home

Why is having a good credit score important?

A good credit score is crucial because it affects your ability to secure loans, mortgages, and credit cards at favorable terms. It can also impact your ability to rent a property, get a job in certain sectors, or even obtain insurance. A higher credit score can lead to lower interest rates and better financial opportunities.

How long does it take to repair credit?

The time it takes to repair credit varies depending on the severity of the issues and the steps you take to address them. Disputing errors can result in quick improvements, while building positive credit history and paying down debts can take several months to years.

What is credit repair?

Credit repair involves taking steps to improve your credit score and overall credit profile. This can include disputing inaccuracies on your credit report, paying down debts, and implementing better financial practices to demonstrate responsible credit behavior over time.

Can paying off debt improve my credit score?

Yes, paying off debt can improve your credit score by reducing your credit utilization ratio and demonstrating responsible financial behavior. Consistently making on-time payments and lowering your overall debt levels are key factors in credit repair.

What are credit repair companies, and should I use one?

Credit repair companies offer services to help you improve your credit score by disputing inaccuracies and advising on credit management. While they can be helpful, it's important to research and choose a reputable company. Many credit repair steps can be done on your own for free.

What are common errors on credit reports?

Common errors on credit reports include incorrect personal information, outdated account statuses, duplicate accounts, and inaccuracies in payment history. Identifying and disputing these errors can help improve your credit score.

How can Chartwell help with credit repair?

Chartwell can provide personalized advice and support to help you understand your credit report, identify areas for improvement, and implement effective credit repair strategies. Our experts guide you through the process, helping you achieve a better credit score and secure more favorable financial opportunities.

How can I check my credit report?

You can check your credit report through various credit reference agencies such as Experian, Equifax, and TransUnion. These agencies offer free access to your credit report and score, either directly on their websites or through various credit monitoring services.

How can I build a positive credit history?

Building a positive credit history involves making timely payments on all your credit accounts, keeping your credit utilization low, avoiding excessive credit applications, and maintaining a mix of different types of credit. Responsible credit management over time will gradually improve your credit score.

How can I dispute inaccuracies on my credit report?

To dispute inaccuracies, contact the credit reference agency that issued the report. Provide details of the error and any supporting documentation. The agency will investigate and, if the dispute is valid, correct the error on your credit report.

Find the perfect mortgage solution

Get in touch with Chartwell today for a free consultation and expert advice to help you find the best solution to your mortgages and insurance needs

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