Finding a mortgage with a poor credit history is difficult and has to be approached very carefully because of the shortage of lenders available in this market. Having the advice of a qualified Poor Credit Mortgage Broker will greatly enhance your chances. With only a few sub prime lenders to choose from, getting it right first time is very important.

Steven Neale – Specialist Bad Credit Mortgage Broker

Our experience as first time buyers was simply exceptional! We have been guided through the mortgage process and buying our first home has been an easy journey thanks to your professionalism and efficiency.

13th Jan 2022

After thinking I was going to lose the new home I had fallen in love with, Steven worked hard with me and understood my circumstances. I was at the point of nearly giving up and within 4 weeks I had a full mortgage offer. Thank you for making my dreams come true. I would highly recommend your services. Absolutely no bull or jargon.

T Jones
10th Jan 2022

The service we have received has been amazing. We were kept up to date every step of the way. Honestly, the relief on my face when I received your email with the mortgage offer was priceless. I can not thank you both enough you are both amazing at what you do. We can not thank you enough for everything, Thank you so much, you have made our dreams a reality.

4th Nov 2021

Thank you foremost for choosing to specialise in adverse credit services for people. All we read online is that it is not possible or easy to get any form of credit when you have or settle an IVA and I’m so glad I kept looking and found you. You have helped us more than you’ll ever realise. We are so happy to have a chance to start again and be able to remain on the property ladder, all thanks to you.

1st Nov 2021

I would highly recommend Steve and Sue. Getting a mortgage seemed to be difficult for me at first when speaking to another advisor, I very nearly gave up due to the lack of effort and communication. Once we got in touch with Steve everything fell into place. Both Steve and Sue were very professional and informative throughout the process.

27th Jan 2022

Steven & Sue have been absolutely amazing through the whole process – extremely calm, organised and helpful. We will definitely be using them in the future and would highly recommend them to family & friends.

20th Sept 2021

Steve and Sue have been absolutely amazing. I was really worried about my financial history meaning I wouldn’t be able to get a mortgage but they were nothing but supportive and non-judgemental, always available to explain things and answer questions as well as extremely efficient.

18th Jan 2022

The professionalism of Steve and Sue is second to none. We were advised of our options and guided through the application process every step of the way. The big thing for us was the personal touch and relationship we built. My wife and I both agreed it felt like Steve and Sue are so motivated because they actually want to help. Probably the best professional service I have ever used so if you find yourself in need of a specialist mortgage broker look no further. Great service great people.

28th March 2022

Struggling to ‘get back’ on the housing ladder after 15 years and being ‘self-employed’ was proving near enough impossible, until we found Steve & Sue. They found us a lender that would use my ‘day-rate’ rather than the usual ‘self-assessment’ and even though there was stumbling blocks along the way, they get us over the line with a ‘mortgage offer’! We can’t thank them enough and would definitely have no hesitation in using them again!

28th July 2021

A fantastic service provided by SN Mortgages once again. Highly recommend SN Mortgages, they have been brilliant at finding the best rates for us, keeping in regular communication and quite frankly achieving the impossible! Where other brokers fail to come back to us or could not find a deal, SN would always go the extra mile and revert back. Thank you so much!

22nd July 2021

We are so grateful to Sue and Steve for all their effort in helping us get our mortgage. Their knowledge and clear love of their job shines through and they have been on hand to answer all our questions no matter how silly or small. They have clearly explained everything from start to finish which has made us feel so much more at ease throughout the whole process. We can’t recommend them enough!

1st July 2021

Can I Get a First Home Fund Mortgage with Bad Credit?

Getting a First Home Fund mortgage with bad credit from a high street lender is almost impossible. However, I know of one lender who can provide First Home Fund mortgages to those with poor credit, depending on the severity of the credit issues and how long ago they came about.

For example, if you have a default or CCJ registered on your credit file within the last few months, you are unlikely to be accepted. However, if your bad credit issues were from more than 6 – 12 months ago, I can almost certainly help.

It’s also possible I could help you get a First Home Fund mortgage if you have more serious credit issues, such as an IVA, DMP or even if you’ve been bankrupt. The key factor is how long ago these credit issues occurred and how they were rectified. 

You may have even had your home repossessed and think it’s impossible to get a mortgage. I’ve helped many clients in similar circumstances to find a mortgage and get back on the property ladder.

Bad Credit Mortgages for Scotland

Before applying for a First Home mortgage, it’s important that you check your credit file to understand whether you have any issues, such as missed payments, defaults or CCJ’s for example. You could look at one of the free reports from Equifax’s ‘Clearscore’ or TransUnion’s ‘Credit Karma’ or use Check My File for free for 30 days and then £14.99 a month – you can cancel online anytime – which checks all three.

When it comes to getting a mortgage with bad credit, the biggest hurdle for most buyers is the deposit. Having a poor credit history usually means you will need a larger deposit, which is often around 25%. 

The First Home Fund scheme in Scotland is a great option for those with bad credit, as it can provide up to £25,000 towards the cost of your mortgage and therefore reduce the amount of deposit required.

What is the First Home Fund scheme?

First Home Fund is a Scottish Government scheme which aims to help first-time buyers get on the property ladder. The scheme offers first-time buyers up to £25,000 towards the cost of a new build or existing property.

How does the First Home Fund scheme work?

The First Home Fund is a shared equity scheme. It works by splitting the cost of purchasing the property with the Scottish Government. The first-time buyer provides their own share through a deposit and mortgage, with the Scottish Government offering the remaining share, up to £25,000.

For example, let’s say the property you wish to buy is worth £150,000 and you want to put down a 10% deposit. The Scottish Government can provide £25,000, which means you have to provide a mortgage and deposit for only £125,000. With a 10% deposit (£12,500), you would require a mortgage of £112,500.

When it comes to selling the property, you would have to pay back the £25,000 to the Scottish Government. An alternative option is to pay the £25,000 back earlier buy increasing your equity share of the property.

Who can get a First Home Fund mortgage?

The First Home Fund scheme is available to all first-time buyers in Scotland, whether applying as a single applicant or jointly. Some requirements include:

  • The scheme is only available to first-time buyers in Scotland
  • The scheme can be used to purchase both new build and existing properties
  • The mortgage must be for at least 25% of the property value
  • The mortgage must be a repayment mortgage (not interest only)
  • The property can not be used as a buy-to-let
  • The maximum contribution is £25,000 or 49% of the property value (whichever is lower)

Why you should use a broker for a First Home Fund mortgage with bad credit

If you want to apply for a mortgage and have bad credit, the majority of standard lenders are unlikely to consider you. This leaves a small group of adverse credit lenders available, each with their own specific lending criteria.

As a specialised bad credit mortgage broker, I have a complete understanding of lending criteria for bad credit mortgage providers. I can review your credit file to understand your specific circumstances and match you with a lender who is likely to accept your application.

For more information on First Home Fund mortgages with bad credit, please call me 01494 526400 or complete my online enquiry form.


Years of Experience

I specialise in Bad Credit Mortgages for people who have a poor credit history because of any number of reasons.

Choice of Lenders

I am a Whole of Market, Mortgage Broker meaning I can talk to every lender to see about finding you the right mortgage.

Saving You Money

As a specialist Mortgage Broker for over 30 years I have a great deal of experience that will help save you time & money.