Bad Credit Mortgages Lichfield
At Kind Financial Services, we believe your past financial difficulties shouldn’t stop you from owning your own home or remortgaging to a better deal. Whether you’ve had missed payments, defaults, CCJs, or struggled with debt in the past, there are lenders who specialise in helping people just like you.
We’re proud to help people across Lichfield and Staffordshire secure mortgages with bad credit, offering clear, supportive advice and access to specialist mortgage lenders.
Bad Credit Mortgages in Lichfield
Last Updated: 18th July 2025
What are Bad Credit Mortgages?
A bad credit mortgage is simply a mortgage designed for people whose credit history shows past financial issues. These products are aimed at applicants who have experienced difficulties such as:
- Late or missed payments
- County Court Judgements (CCJs)
- Defaults on loans or credit cards
- Debt Management Plans (DMPs)
- Individual Voluntary Arrangements (IVAs)
- Bankruptcy
Mainstream lenders often reject applicants with these marks on their credit files, but specialist lenders understand that financial mistakes happen—and they take a more flexible, common-sense approach.
These mortgages may come with higher interest rates or larger deposit requirements, but they offer a crucial opportunity to buy your home, remortgage, or rebuild your credit profile.
Common Credit Issues We Can Help With
We regularly help clients who have faced:
- Missed mortgage payments
- Defaults on unsecured loans
- Mobile phone or utility arrears
- CCJs (recent or satisfied)
- IVAs or DMPs (active or settled)
- Bankruptcy (usually discharged for at least 1 year)
- A poor credit score caused by historic financial issues
No matter your circumstances, our role is to assess your options honestly and find the right solution for your future.
How Lenders Assess Bad Credit Mortgage Applications
Lenders all have different criteria, but they generally focus on:
- Severity of the credit issue (e.g., late payment vs bankruptcy)
- Age of the issue (older issues typically have less impact)
Current financial stability (affordability, income, savings) - Deposit size (larger deposits reduce risk for lenders)
Specialist lenders are more flexible than mainstream banks, but they still want reassurance that your finances are now under control and sustainable.
At Kind Financial Services, we know how to package and present your application to give you the best possible chance of success.
Mortgage Options Available for Bad Credit Borrowers
Even with a poor credit history, there are mortgage options for:
- First-time buyers with bad credit
- Home movers needing a fresh start
- Remortgages for people with adverse credit
- Debt consolidation remortgages
Key Considerations:
- You may need a higher deposit (typically 10-25% depending on the severity of credit issues)
- Interest rates can be higher initially, but refinancing to better terms is possible once your credit improves
- Lenders will want to see evidence of improved financial management (stable income, controlled spending)
How Kind Financial Services Can Help You
Many of our clients start by asking: “Can I even get a mortgage with my credit history?”
The answer is usually yes, with the right advice and the right lender.
Why Choose Us?
- We have extensive experience helping clients with poor credit.
- We know which lenders are open to your situation and which to avoid.
- We make the process clear, supportive, and judgement-free.
- We work with specialist mortgage lenders not available direct to the public.
- We can help you plan for the future, so today’s mortgage helps rebuild your credit for tomorrow.
Your Next Steps
If you’re unsure where you stand or have been turned down elsewhere, don’t lose hope. At Kind Financial Services, we’ll assess your circumstances, explain your options honestly, and help you make a realistic plan.
Get in touch today for a free, no-obligation consultation.
We’re here to help people across Lichfield and Staffordshire find a fresh start with the right mortgage, no matter their past credit history.
Contact Kind Financial today
Your past credit doesn’t have to define your future. With expert advice and access to the right lenders, you can still achieve your homeownership goals or remortgage to a better deal. Contact Kind Financial Services today and let’s find a solution together.
Please be aware that by clicking onto the above link you are leaving the Kind Financial Services website. Please note that neither Kind Financial Services nor PRIMIS Mortgage Network are responsible for the accuracy of the information contained within the linked site accessible from this page.
Your home may be repossessed if you do not keep up repayments on your mortgage.
FAQ's on Bad Credit Mortgages
Most frequent questions and answers
Yes, specialist lenders offer solutions for people with credit problems, provided you meet other affordability and deposit criteria.
Typically between 10% and 25% depending on the severity of your credit history.
Usually, yes. However, you can often improve your rate in future by remortgaging after a period of good credit conduct.
Some lenders accept applications with CCJs or defaults as recent as 12 months ago; others prefer older issues or settled accounts.
Yes. Paying bills on time, reducing debts, and keeping accounts in good order will improve your future mortgage options.
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