A lot of people want to find out if it is possible to buy a house with bad credit.
If you ask most people at the banks they will say “NO” as bank policy generally does not allow this, but mortgage advisers have access to non-bank lenders.
So there are options.
Some of the non bank lenders offer home loans for people that may have bad credit.
These are often referred to as specialist loans or bad credit home loans.
The problem for many people (and including many mortgage advisers) is knowing what will be the best option as the fees and interest rates vary between the lenders and depending on the credit, deposit and a range of other factors. You want to know that you are getting the best deal with non bank lenders, or maybe you can get the loan with a bank.
This is where specialist non bank brokers can really help.
