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Bad Credit Mortgages Scotland

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  • Bad Credit Mortgages Scotland

    Anyone after a bad credit mortgage in 2013 will have struggled without the required deposit if they were buying a property or the required equity if they were remortgaging.

    Getting a bad credit mortgage in Scotland is becoming easier. Several bad credit lenders have opened their doors to bad credit applicants in Scotland.

    In the past bad credit mortgages Scotland were very limited with adverse lenders only providing help to those with bad credit in England and Wales.


    Well all this has stopped and Scotland in most certainly part of the club.


    Basically, a 20% deposit/equity is required - the problem is 20% is a large sum of money especially when the whole reason for the adverse credit was a lack of funds.

    If you're after a bad credit mortgage in Scotland then you will need a 15% to 20% deposit or equity if you are after a remortgage.

    with a 15% to 20% deposit some Scottish lenders have the following features:
    - to ignore any and all bad credit over 2 years old

    - to accept mortgage arrears in Scotland

    - able to accommodate a debt management plan

    - accept IVAs etc

    - accept bankruptcies signed off at least 3 years ago

    That said, finding a 15% to 20% deposit in Scotland can be a lot of money so the following ideas may help:

    - having a family member provide part of the deposit

    To help repair your credit file:
    - get yourself on the voters role

    - pay off your defaults and ccjs

    Please let me know if you have any questions regarding securing a bad credit mortgage in Scotland.

    Bad Credit Mortgages Scotland - Great Success Rates - Bad Credit Mortgages In Scotland
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