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Bad Credit Mortgage Calculator
Use our mortgage calculator for bad credit customers to work out how much you could borrow
If you have poor credit, finding a bad credit mortgage that fits your needs can be difficult. That's why we've created an easy-to-use bad credit mortgage calculator specifically designed for customers with bad credit history. Our bad credit mortgage calculator will provide you with accurate results so you can make informed decisions about the right loan product for you.
Using our bad credit mortgage calculator is simple and straightforward. All you need to do is enter your current financial information such as your income, debt and estimated deposit amount, and our bad credit mortgage calculator will give you an estimate of how much you may qualify for in a mortgage loan based on your credit score.
Use this calculator to work out how much you may be able to borrow based on your income and other commitments:
Total household income (£)
Deposit amount (%)
Total Monthly Debt Commitments
Total Credit/Store Card Balances
You may be able to borrow up to
INFORMATION: This information is a guide only and should not be relied on as a recommendation or advice, that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of the specific lender. You should make an appointment to receive mortgage advice which will be based on your needs and circumstances.
Bad credit mortgage calculator FAQs
If you need some help with our bad credit mortgage calculator or want to discuss your results, then please call us on 024 7601 7747. Below are some of the questions we get asked most frequently that may be useful to you.
The bad credit mortgage calculator is asking me for a deposit amount - is it possible to get a bad credit mortgage with no deposit in the UK?
It is possible to get a mortgage with a low deposit, but not no deposit at all. Some specialist lenders will consider 95% mortgages, but these will be at a much higher interest rate and may have other restrictive terms. At Twin Pine Mortgages, we can help you get the most appropriate mortgage based on your specific circumstances.
What is considered bad credit in the UK?
A credit score below 600 on a scale of 0-999 is generally considered bad credit in the UK. However, the definition of bad credit can vary depending on the lender. Some lenders may consider a credit score of 550 or lower to be bad credit, while others may have a higher threshold. In addition to credit score, lenders may also consider other factors such as debt-to-income ratio and recent credit history when determining if someone has bad credit.
How does the bad credit mortgage calculator determine my monthly payment?
The mortgage calculator uses the information provided about your household income, debts and the deposit you have to determine how much you may be able to borrow, based on some of the deals available on the market currently.
How accurate is the bad credit mortgage calculator?
Mortgage calculators are useful tools, but they are only estimates and may not be completely accurate. The calculations are based on the information provided and the assumptions made by the calculator. Actual mortgage terms and payments may vary based on factors such as credit score, lender fees, and other costs, which is why we always recommend you speak to us so we can help you get the right mortgage for you.
Bad credit remortgage calculator
Do you need to remortgage with bad credit? Our bad credit mortgage calculator is also ideal for customers who have faced difficulty obtaining a remortgage due to bad credit history. Our calculator provides an easy-to-use tool that gives you an accurate estimate of what your bad credit remortgage could look like.
We want to make sure our customers are armed with all the information they need in order to make informed decisions about their finances. That's why we provide accurate and up-to-date advice on bad credit mortgages, including eligibility criteria and current market rates. So don't let bad credit hold you back.
Let us help you find the bad credit remortgage that works for you with our bad credit mortgage calculator. Get started today and see how much you could potentially save!
Mortgage calculator for poor credit - how will my monthly payments look?
Moreover, our bad credit mortgage calculator can also provide you with a breakdown of estimated monthly payments so you can get an idea of what your budget would look like if you decide to go ahead and apply for a bad credit mortgage loan. We understand that bad credit mortgage loans bring their own level of uncertainty, but our bad credit mortgage calculator will help make the process easier by providing you with accurate results.
Your mortgage balance is (£)
Your interest rate is (%)
Your mortgage term is
Your repayment method is
Repayment
Interest Only
Your monthly payment would be
If you have bad credit and are looking for a mortgage loan, our bad credit mortgage calculator is here to help. With just a few clicks, you'll be able to get an estimate on how much you may qualify for in a bad credit mortgage loan as well as an estimate of your monthly payments. Let us help put you on the path to financial success today!
INFORMATION: This information is a guide only and should not be relied on as a recommendation or advice, that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of the specific lender. You should make an appointment to receive mortgage advice which will be based on your needs and circumstances.