Bad Credit Graduate Mortgages

Bad Credit Graduate Mortgages

Before reading about Graduate Mortgages with Bad credit you may want to see the Graduate Mortgages and Graduate Mortgage Tips.

See the main Graduate Mortgage page and Graduate Mortgage Tips too.

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Can graduates with bad credit get a mortgage?

Probably. It depends on how bad your credit is though. Somebody with perfect credit has almost all lenders available to them. That means they also have the best interest rates available to them.

As credit worsens, fewer and fewer lenders will be willing to lend to you. With fewer lenders available, the best rates might be unavailable to you.

 

The worse the credit, the fewer lenders available and typically, the higher the interest rate.

Bad Credit Graduate Mortgages

What causes a bad credit score?

Low credit scores are a sign of poor money management. Things that significantly affect your credit score are:

Different lenders will have different rules as to which of the above are acceptable. It can even depend on the time frame, size and reason for the bad credit.

Does a student loan affect graduates’ credit and getting a mortgage?

Student loans don’t actually appear on your credit file. This is because your student loan repayments are taken straight out of your pay, and the amount varies depending on how much you earn.

The mortgage lender will see how much money gets deducted from your monthly pay and adjust what they will lend to you based on that. This has the bonus that if you aren’t yet earning enough to repay your student loan, you won’t be penalised for it.

How to check if you have bad credit

The best way is to check your credit report. See tip number 4 here for more information.

 

See the main Graduate Mortgage page and Graduate Mortgage Tips too.

Bad Credit Graduate Mortgages
Alex P
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Jamie was supportive all the way through my experience with my first time buyer application. Jamie responded very quickly and always had time for me. I would recommend Jamie 100% certainly helped me out and still helps me out even though the mortgage has gone through. Top quality service. Thank you
Bad Credit Graduate Mortgages
Kylie X
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100% recommend Jamie as a mortgage advisor. He is very rapid with responses and cares about his job and your interests and not just getting the job done. He really took his time and we built a good rapport making everything a really smooth process. He explained everything thoroughly and was always there if we had any questions. We will definitely contact Jamie for remortgaging. Thank you!!
Bad Credit Graduate Mortgages
Dan G
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Jamie was extremely helpful right from our first conversation. He listened and made sure he did all he could to get me a much better deal than what I was already on. He’s saved me £80 a month on my mortgage payments which is really a huge saving. A really professional and quick service - Within 2 days I had a new mortgage deal with no hassle as Jamie does all the leg work for you. I would definitely recommend for anyone looking to get a better deal, Jamie will definitely be able to get you that.
Bad Credit Graduate Mortgages
Reece L
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Brilliant service from Jamie. Had our re-mortgage sorted within a week. No pressure was put on us to re-mortgage with the option he felt best suited to us opposed to our preferred re-mortgage option, simply stated the facts. Overall nice, friendly and will definitely use again in the future.
Bad Credit Graduate Mortgages
Adrian B
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Jamie Thompson recently saved me £160 per month on my mortgage with no fees. I would recommend his friendly efficient and professional Services to Anyone looking for a mortgage or remortgage. Jamie has helped a number of our friends who have all commented on how good he is at what he does. Thanks Jamie.
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