Mortgage Broker Bad Credit History Tyldesley - Expert Help & Specialist Lenders

Need a mortgage broker who specializes in bad credit history in Tyldesley? At Chris Smith Mortgages, Sarah Tinkler helps residents throughout Tyldesley, Shakerley, and Astley secure mortgages when high street banks say no. Whether you're dealing with CCJs, defaults, bankruptcy, or other credit problems, Sarah knows which specialist lenders will consider your application and how to present your case for the best chance of approval. We work with people right across the Tyldesley area, from families looking to buy their first home to those needing to remortgage despite credit challenges.

Why Tyldesley Residents Need a Specialist Mortgage Broker

Imagine walking into a pharmacy with a prescription. The pharmacist looks at it, shakes their head, and says "sorry, we don't stock that medication." Frustrating, right? But if you knew about the specialist pharmacy across town that stocks rare medications, you'd go there instead. That's the exact situation with mortgage lending and bad credit. High street banks and building societies simply don't have the products or appetite for complex credit cases - but specialist lenders do. The problem is finding them and knowing how to approach them correctly.

Sarah worked with a Tyldesley couple last year who'd been trying to buy a house for months. They'd applied to four different high street lenders and been rejected by all of them. Each rejection made them feel more hopeless, and each credit search made their situation slightly worse. When they called Sarah, she immediately saw the problem - they were approaching the wrong lenders. They had a three-year-old CCJ from when they'd fallen behind on a car finance agreement. For mainstream lenders, that's an automatic no. But Sarah knew three specialist lenders who would consider their application. Within two weeks, they had a mortgage offer and bought a house near Tyldesley Loopline.

Credit Problems We Help Tyldesley Residents Overcome

Old vs Recent Credit Issues: Timing matters enormously in mortgage lending. A CCJ from five years ago concerns lenders far less than one from six months ago. Sarah helped a Shakerley resident who had defaults from seven years ago when his marriage broke down. He'd been financially perfect ever since - not a single missed payment. The key was finding lenders who would give appropriate weight to the seven years of good behaviour rather than focusing solely on those old defaults.

High Credit Utilization: Sometimes it's not about missed payments but about how much credit you're using. If you're maxing out credit cards regularly, lenders worry. A Tyldesley client came to Sarah using 90% of her available credit each month (though she always paid it off). Lenders saw this as risky behaviour. Sarah advised her to reduce usage for three months before applying, and once she did, suddenly lenders were much more interested.

Repossession History: Having a property repossessed is one of the most serious credit issues, but it's not permanent. Time matters - most lenders want at least 3-6 years since repossession, and some want evidence of stable housing since then. Sarah helped an Astley resident who'd had a repossession eight years earlier during the financial crash. He'd been renting the same property for seven years, never missed rent, and saved a substantial deposit. The right lender saw him as reformed and low-risk.

No Credit History: Surprisingly, having no credit history can be as problematic as having bad credit. Lenders want to see you can manage credit responsibly. Sarah worked with a young Tyldesley couple who'd always used cash and had zero credit history. She advised them to get a credit card, use it for small purchases, and pay it off fully each month. Six months later, with a small but positive credit history, they were approved for their first mortgage.

The Real Value of an Experienced Broker

There's a common misconception that all mortgage brokers are the same - they just submit your application to lenders. In reality, a specialist broker for bad credit history does so much more. It's like the difference between a GP and a specialist consultant. Both are doctors, but the consultant has deep expertise in specific complex conditions.

Sarah's expertise means she knows things like: Lender A will accept CCJs but only if they're satisfied, while Lender B will consider unsatisfied CCJs if they're over four years old. Lender C is strict about defaults but flexible about late payments, while Lender D is the opposite. Lender E specializes in self-employed cases with credit issues, while Lender F prefers employed applicants. This granular knowledge is the difference between success and failure.

She also knows how to present applications. Two identical cases submitted differently can get different results. Sarah knows what supporting documentation strengthens each application, what explanations lenders want to hear, and how to frame past problems as resolved issues rather than ongoing concerns.

Real Success Stories From Tyldesley

A self-employed builder from Tyldesley contacted Sarah after his bank rejected his mortgage application. He had two problems - being self-employed (which makes mortgages harder) and having an IVA from four years ago when his business nearly failed. He'd rebuilt successfully, had three years of strong accounts, and a good deposit. Sarah knew which lenders specialized in both self-employed and adverse credit cases. She prepared his accounts clearly, explained the IVA was from a specific difficult period that was now resolved, and highlighted his recent financial strength. He got his mortgage offer and bought a property he's now renovating.

A Shakerley resident came to Sarah having been declined by two lenders. She was confused because she thought her credit was fine - she'd never missed a payment. When Sarah reviewed her credit file, she found the problem: several payday loans from 18 months ago. The woman had used them briefly when between jobs but paid them all off quickly. She didn't realize payday loans were a red flag for many lenders. Sarah knew which lenders would overlook this and focus on her otherwise spotless record. Within three weeks, she had her mortgage and bought her first home.

Working With Sarah - The Tyldesley Process

Initial Contact: Call or use the contact form to get in touch. Sarah will arrange a time to speak with you about your situation. This conversation typically takes 20-30 minutes. She'll ask about your credit history, what caused any problems, your current financial situation, and what you're looking to achieve. Be as honest as possible - Sarah's not here to judge, she's here to help.

Credit File Analysis: With your permission, Sarah will access your credit file to see exactly what lenders will see. She's often able to spot mistakes (these are surprisingly common) or issues that can be resolved before applying. Understanding the full picture is essential for choosing the right lender and timing the application correctly.

Honest Assessment: Sarah will tell you straight whether now is the right time to apply or whether you'd benefit from waiting and improving your position first. If you're ready to proceed, she'll explain which lenders she recommends, what rates to expect, and what deposit you'll likely need. You'll always know where you stand.

Application Preparation: When you're ready, Sarah gathers all necessary documentation, completes application forms accurately, and prepares a supporting statement explaining your credit issues and why you're a good borrower now. This preparation is crucial - presentation matters enormously in adverse credit cases.

Application Management: Sarah submits to the chosen lender and manages the entire process. She'll chase updates, respond to queries quickly, and resolve any issues before they become problems. You'll be kept informed throughout, and when the mortgage offer arrives, Sarah will review it with you line by line.

Serving Tyldesley, Shakerley, Astley and Surrounding Areas

We're proud to help homebuyers and homeowners across Tyldesley and nearby communities including Shakerley, Astley, and Boothstown. Whether you're buying near Tyldesley town centre, looking for property close to good transport links, or remortgaging to consolidate debts, we understand the local area and work with lenders comfortable with all property types in Greater Manchester.

Understanding Rates and Deposits With Bad Credit

Let's be realistic about what to expect when working with a mortgage broker for bad credit history. Interest rates will be higher than the headline rates you see advertised (those are for people with perfect credit and large deposits). Typically, you're looking at rates between 3.5% and 6.5%, depending on your specific credit issues, how long ago they occurred, and your deposit size.

Deposits usually need to be larger too - while standard mortgages might accept 5-10%, you'll likely need 15-25%. The larger your deposit, the more lenders become available and the better rates you'll access. Think of it as proof of your commitment and financial discipline.

However, here's the positive side: these aren't permanent rates. Once you've demonstrated 12-24 months of reliable mortgage payments, your credit score will improve significantly. At that point, many of Sarah's clients remortgage to much more competitive rates. You start with a higher rate to get on the property ladder, prove your reliability, then move to better deals. It's a stepping stone, not a life sentence.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Questions From Tyldesley Residents

My credit issues are really bad - can you still help?

Sarah has helped people with very serious credit histories including bankruptcy, multiple CCJs, and repossession. The question isn't "how bad is it?" but rather "what's your situation now?" If you're financially stable now, employed, and have a deposit, there are options available. The only way to know for certain is to have a conversation about your specific circumstances.

Will checking affect my credit score?

The initial conversation and Sarah's review of your situation don't affect your credit score at all. Only when you formally apply for a mortgage does a credit search appear on your file. Sarah ensures she only applies to lenders likely to accept you, minimizing unnecessary searches.

How long does the whole process take?

From initial conversation to mortgage completion typically takes 6-10 weeks, though sometimes longer for complex cases. Much depends on how quickly you can provide documentation and how long the lender takes to process applications. Urgent cases can sometimes be expedited if needed.

What if I'm self-employed with bad credit?

This creates a double challenge, but it's far from impossible. Sarah works with lenders who specialize in both self-employed income verification and adverse credit. You'll need typically at least two years of accounts or tax returns and to demonstrate that your income is stable and sufficient for the mortgage you're seeking.

Get Started With Your Tyldesley Mortgage Application

Don't let bad credit keep you from achieving homeownership in Tyldesley. Contact Sarah today for a free consultation. She'll give you honest advice about your options, realistic expectations about rates and deposits, and a clear path forward. You might be surprised at what's possible.

Call now: 07539 911 696

Or request a callback: Contact Form