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Bad Credit Mortgages – for Applicants with Poor Credit or Low Credit Score

HMO Mortgages Suitable for Applicants with Bad Credit

We have a range of HMO lenders who can accommodate varying levels of previous credit history problems, or a low credit score. Some of these lenders do not perform credit scoring at all. Lending is theoretically possible up to 85% LTV, but lenders will credit score applications above 75% LTV and it tends to be more difficult to pass credit scoring the higher the loan-to-value (LTV).


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Situational Profile

Mortgages are available for applicants with a poor, or an adverse credit history looking to buy or remortgage an HMO property, or raise capital. Loans for purchase or remortgage and capital raising is allowed

Mortgage products for all types of multi-let property
Adverse credit (ie. CCJs, defaults, missed payments etc)
Adverse credit
Low credit score
Property Purchase
Remortgage capital raising


Applicant Profile

Applicants should be homeowners and be able to demonstrate a reasonable level of personal income with an explanation of previous credit problems. Non-Status lending available with no proof of income.

UK Passport or UK driving licence for ID
Evidence of deposit funds (bank statement)
Options for applicants who cannot prove income
Previous credit problems accepted
Applicants can be employed, self employed or retired

Types of Property

Properties with any number of letting rooms are acceptable. Properties with more than 1x kitchen and multiple kitchens are acceptable. Tenants can have individual tenancy agreements, or sign jointly to 1x AST. Blocks of flats all in one freehold title are acceptable

Property in England, Scotland & Wales
Houses of Multiple Occupation (HMO)
Blocks of flats in one freehold title
Multiple Kitchens accepted
Any number of letting rooms considered

General Lending Criteria

Mortgages are available for purchase, or remortgage up to 85% of purchase price, or property value. Some mortgages with no early repayment charge (ERC).

Purchases or remortgage
Interest only or capital + interest repayment
Properties located in England, Scotland & Wales accepted
Up to 85% LTV
Options for No Early Repayment Charge (ERC)


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Experienced landlords only. Any size property. Multiple kitchens. Maximum 75% LTV
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Maximum 8x rooms let, or 4x self-contained flats in the title. Maximum 75% LTV
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Maximum 8x rooms let, or 4x self-contained flats in the title. Maximum 80% LTV
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Maximum 8x rooms let, or 4x self-contained flats in the title. Maximum 85% LTV
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No previous experience required. Repayment mortgage only. Maximum 70% LTV.
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Virtually any adverse credit over 3 years old. No proof of income. Maximum 70% LTV