'Bad credit mortgages' is a title given to mortgages that are available to people that could be considered 'high-risk' by lenders due to financial problems in the past.

Mortgage lenders will look at a persons credit history to determine if they are responsible with debt and therefore suitable for a mortgage.

Due to economic problems of the past most mortgage lenders are no longer willing to consider applicants who have experienced recent credit problems.

There are a small number of options still available to people who have bad credit but the number of specialist lenders has reduced massively in recent years so finding a company who can help has become much harder.

Qualified mortgage advisers with experience of the industry may be able to help.

People who are experiencing financial difficulty and are worried they could develop a bad credit rating should make contact with their mortgage lender immediately to discuss the situation.

Creditmarket.co.uk is dedicated to providing access to qualified experienced advisers across the UK.

'Bad credit' usually refers to badly managed credit such as missing payments on a credit card, loan or mortgage. More severe bad credit can include defaults, CCJs, IVAs or bankruptcy.

Mortgage lenders will treat each case individually and someone who has experienced bad credit problems many years ago may be considered but people with recent and numerous instances of badly managed credit are likely to be turned down.

If you are looking for a mortgage and youare not sure if you have bad credit, why not download your free credit report.