Bad Credit Mortgage Calculator

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Our Calculator tool gives you an estimate of the monthly repayments you are likely to have on your bad credit mortgage. For a more accurate estimate based on your personal circumstances use our equiry form or call us on 0800 368 8879 to speak to a specialist mortgage broker.

tickOur specialists can help with

tickMissed payments

tickLate Payment

tickCounty court judgments

tickPoor credit rating

tickDistcharge Bankrupcty


tickOur specialists can help with

tickMissed payments

tickLate Payment

tickCounty court judgments

tickPoor credit rating

tickDistcharge Bankrupcty



Bad Credit Mortgage Calculator

Before speaking with an advisor or applying direct to a lender we advise that you take a look at what your monthly repayments may look like with the mortgage amount that you need.  When using the calculator you can see the maximum you may be able to borrow based on your income and also what the monthly repayments would be.

Remember that the actual amount you can borrow will be based on what the lender will offer you. If you have bad credit the amount may be lower than the standard amount lenders are willing to lend. The monthly repayments may also be higher so be sure to use the calculator to check different interest rates and see if the monthly repayments will still be manageable for you.  


How much can I borrow with bad credit?

The amount will vary, the calculator is set at 4.4X income which is the industry standard. Some lenders will only borrow 4X income and sometimes only 3X depending on circumstances. There are lenders that will go up to 5 or 6X income but there is strict criteria that must be met. To get a more certain picture of what you may be able to lend give us a call and speak with one of our experienced bad credit advisors.

The larger the deposit you have the more willing lenders are to offer higher multiples, if you have a good sized deposit you may be able to borrow more than the standard 4.4X multiple the calculator is set at.

What is the interest?

The interest on the calculator is variable this allows you to try different percentages so you can see the different amounts the monthly payments on your mortgage may be depending on the rate you are offered by your lender. For bad credit mortgages the interest rates tend to be higher than the average. This is due to the higher perceived risk the lender will have lending to someone with bad credit. In general the specialist lenders who are more willing to lend to people with bad credit have a higher interest rate. To get a more accurate measurement of the interest rate based on your circumstances speak with one of our specialist advisors who will carry out a fact find and get you actual quotes from lenders.

What kind of mortgages are there?

If you have bad credit there are still plenty of options for you to choose from. Depending on the level of bad credit events and how long ago they were will heavily impact your ability to get a mortgage and also the options that are available to you. Options such as 95% mortgages may not be available due to the level of risk already associated with low deposit mortgages.

The different types are still available and offered to people with bad credit

  • Fixed Rate
  • Variable Rate
  • Life Time Tracker 

Expert Mortgage Advice

At Get Me My Mortgage we specialise in helping our visitors get the right financial advice from industry specialists. Fill in an enquiry form or call us today on 0800 368 8879. Our expert brokers will carry out a thorough fact find to give you the best chance of getting your mortgage approved at the best rate possible.

  • Helped to reduce my monthly mortgage payments with a great remortgage deal

    Warner William Avatar
    Warner William

    Great service the advisor I was referred to was friendly and professional, helped me through the whole process. Defintley would recommend

    Julie Gallagher Avatar
    Julie Gallagher

    Good Specialist brokers that know what they are doing

    Martin Tylor Avatar
    Martin Tylor
  • Kept me up to date throughout the whole process would recommend

    Jack Robin Avatar
    Jack Robin

    Helped to reduce my monthly mortgage payments with a great remortgage deal

    Aiden Tylor Avatar
    Aiden Tylor

    I'm very happy for his good professional service. Thank you

    Enando Avatar

Bad Credit Mortgage Information

Looking for specialist advice? Read through our articles about different bad credit situations, and get the best advice to get the mortgage that you need.

Terms & Conditions is an information-only website we strive to give information and tips that are relevant to our users; we don't guarantee to be right all of the time so take professional advice before acting on any information on this site. We can't accept liability should anything go wrong.

We are UK based, and the information we provide is relevant only to the UK. The information isn't tailored to your circumstances; we strive to put you in touch with an appropriate broker for your particular needs. All of our experts are appropriately qualifies and regulated by the FCA as appropriate.

Legal Information

Your initial mortgage consultation is always free of charge. Depending on the complexity of your mortgage, there may be a fee for your broker's mortgage advice and arrangement service. Any fees will be discussed and agreed with you before you make a mortgage application. is an independent marketing website registered in the UK. The purpose of the site is to put you in touch with a suitable expert.


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