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

a couple looking at papers on a table
two people looking at paperwork on a desk

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.

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
Josh and the team at Chartwell made my remortgage a very smooth experience. I was updated regularly and they were on hand to answer any questions, the process was quick and efficient and the team are really knowledgeable and friendly. Highly recommended

Joanne

First time using Chartwell Funding..... and wont be my last. Dealt with Chris and Josh, who were both extremely professional in everyway, and I must admit patient also! Each step of the way was communicated with me. Another mention must go to Jordan, who is organising our insurance. Again another professional and friendly service.

Andrew

Every member of the team I spoke to was helpful & responsive. They found us a mortgage offer in good time with the monthly repayments that we’d requested. They charged us a fair rate for the service. Shout out to both Kain & Star for being particularly helpful throughout the process.

Sean

Chartwell Funding are a fantastic company at securing mortgage/remortgage funding. Robert and Izzy's knowledge of the mortgage market is second to none. I would thoroughly recommend them if you are looking for a mortgage.

Geraint

Excellent service, very friendly and knowledgeable. Used them got years and plan to keep using them. Have had Matt help me buy more of my flat and eventually move into my house. Wouldn't of been possible without him. Highly recommend

Phil

We had an excellent experience with Stephen at Chartwell Funding during our recent house purchase. He was super-quick at responding to emails or calls and very much gave the impression that nothing was too much trouble. Chartwell were recommended to us by a family member who was very impressed with their service. My partner and I strongly recommend them as well.

Dan

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