Bad and adverse credit mortgages

Bad and adverse credit mortgages as well as bad and adverse credit re-mortgages are mortgage products designed for those with a bad credit history.

If you have problems getting credit, have been declared bankrupt, have CCJ’s, been repossessed or have entered an individual voluntary agreement (IVA) a mortgage designed for borrowers who have adverse credit could be your only method of borrowing to buy a property.

Bad credit mortgages have also been known in recent years as sub-prime mortgages and were one factor that helped to create the financial crisis in 2008.

Bad credit mortgages or bad credit re-mortgages usually charge a higher interest rate than a normal mortgage because of the perceived risk in lending to individuals with a bad credit history.

	Bad credit mortgages A bad credit mortgage, also known as a non-conforming mortgage or adverse credit mortgage, is a loan secured against the value of a property designed for people with poor credit histories.
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