BSL Financial Services

The Old Fire Station

 

Contact Number

 

We’re Here To Help You

 

We have lenders for almost everyone

We try to help people regardless of their credit or financial circumstance. Our team of Bad Credit Specialists develop bespoke mortgage solutions that fit your budget and financial status. Don’t let bad credit hold you back from homeownership – contact us today to learn more about how we can help you secure a mortgage.

We can get you a mortgage even if you have one of the following:

  • County Court Judgements
  • Defaults
  • Debt Management Plans
  • Missed Payments
  • Low Credit Score

We try to help people regardless of their credit or financial circumstance.

We can get you a mortgage even if you have one of the following:

  • County Court Judgements
  • Defaults
  • Debt Management Plans
  • Missed Payments
  • Low Credit Score

How Getting A Mortgage with A Default Works

Watch the video below

Play Video

Why Choose Us?

Specialist Advisers

Our mortgage advisers are specialists with in-depth knowledge of the whole market. They are able to look at a range of products available to them.

Customer Satisfaction

We have access to whole of mortgage market from residential, commercial and protection that means we can find the most suitable deals for you.

Lifetime Relationship

We like to think we are getting in to a lifetime relationship with you when we arrange a mortgage for you. It means we are committed.

Your Home is at risk if you do not keep up repayments on your mortgage or any other loan secured on it.

Are you eligible?

Details

Please note that the criteria are applicable to multiple adverse credit lenders. Specific terms and conditions may vary depending on the lender and the product chosen.

Personal Details Guidelines
Minimum Age
At least 21 Years Old
Maximum age
75 Years Old (at the end of the term. For joint applications, the age of the oldest applicant is used)
Maximum number of applicants
2
Guarantors
Not Accepted
First-time buyers
Accepted
Marital status
Applications from married/civil partnership applicants must be in joint names
Applicant Criteria Guidelines
Maximum Allowable Adverse Defaults
None in the last 6 months
We may consider disregarding individual defaults (per application) up to and including £200.00 each, provided these defaults relate to utilities, communications, or mail order providers.
CCJs (County Court Judgments)
None in the last 6 months
Mortgage/Secured loans
Arrears status of 0 in the last 6 months, none missed in the last 12 months
Fixed Term Agreements
No missed payments in the last 6 months
Revolving credit
Missed payments will be considered
Bankruptcy Range
Accepted when discharged more than 3 years ago
Standard Range
Accepted when discharged more than 6 years ago
Payday loans
Accepted if the account has been closed for more than 12 months
Repossessions
Accepted if repossession occurred more than 6 years ago
Debt Management Plans
Due to the complexity, it is advised to speak to a broker for specific details

Details

Please note that the criteria pertain to nationality and residency requirements. It is essential for all applicants to have a residential address history of at least 3 years in the UK. Visa requirements are subject to specific conditions, and at least one applicant must have indefinite leave to remain. Additional applicants must have either indefinite leave to remain or the right to reside with an acceptable visa type. Visa validity should be at least 12 months. Applicants with visas lacking indefinite right to remain will not have their income considered for affordability purposes. Please be aware that diplomatic immunity is not accepted.

Residency Criteria Guidelines
Residential status
3 years UK residential address history required for all applicants
Visa Requirements
  • 3 years of UK residency

  • One applicant MUST have indefinite leave to remain.

  • Additional applicants must have either Indefinite leave to remain OR Right to Reside with an acceptable visa type, including:

    • EU Settlement Scheme (EUSS) - Pre-Settled Status

    • EU Settlement Scheme (EUSS) - Settled Status

    • Leave to Remain

    • Family Visa

    • Skilled worker visa

    • UK Ancestry Visa

    • Health and Care Worker visa

    • British National (Overseas) visa

    • Intra company transfer visa

  • Visas must have a minimum validity of 12 months.

  • Applicants holding a Visa without indefinite right to remain will not have their income used for affordability purposes.
Diplomatic Immunity
Not Accepted

Details

Please note that the income criteria apply to applicants. For employed individuals, specific requirements regarding job tenure, payslips, and contract terms must be met. Self-employed individuals must provide relevant financial documents, including accounts and bank statements, depending on their business structure. Retired applicants may submit private pension details. Income from foreign currency is not accepted, and a minimum earned income threshold of £18,000 per application is required.

Income Criteria Guidelines
Minimum Earned Income
£18,000 per application
Foreign currency

Not Accepted

Diplomatic Immunity

Not Accepted

Self Employed & Retired Criteria Guidelines
Self-Employed: Limited Company
LTD Criteria
  • 2 years’ accounts required, unless only 1 year available due to trading period. Minimum trading

  • period of 12 months

  • 3 months’ business account bank statements

  • SA302s will only be accepted in addition to the full business accounts. SA302s are not acceptable proof of income on their own but will be requested where the accounts have been prepared by an accountant who does not appear on our list of accepted qualifications. We may also request them to confirm dividends which do not appear in the business accounts. Additional remuneration considered where applicants own 100% of the company:

  • Directors’ car allowance

  • Directors’ pension contributions

  • Use of home as an office

  • Private health insurance Where additional remuneration is to be added back, finalised accounts will be required.

Self-Employed: Sole Trader/Partnership
  • 2 years’ accounts required, unless only 1 year available due to trading period. Minimum trading period of 12 months

  • 3 months’ business account bank statements

  • SA302s may be requested to support company accounts
Retired

Private pension accepted

Employed Criteria

• Minimum of 3 months in current job with 6 months’ continuous employment

• Day rate contractors accepted subject to being in a contract and able to demonstrate a minimum 12 months history. Calculate the income as the lower of 12 month average day rate amount or current contract day rate x 5 (days per week) x 46 (working weeks)

• Contract employees considered provided 12 months employment with the same employer together with confirmation the contract will be renewed

• 3 months payslips (or 6 weeks where paid weekly)

• Applicants in a probationary period not accepted

• Zero hour contracts acceptable if a permanent position with 2 years+ at same employer and stable income levels

• Income from seasonal/temporary work not considered • Directors with a shareholding of 25% or more will be underwritten as self-employed

Income Type Proportion Considered
Basic Salary
100%
Car Allowance
100%
Bonus
50%
Overtime
50%
Commission
100%

Details

Please note that the income criteria apply to applicants. For employed individuals, specific requirements regarding job tenure, payslips, and contract terms must be met. Self-employed individuals must provide relevant financial documents, including accounts and bank statements, depending on their business structure. Retired applicants may submit private pension details. Income from foreign currency is not accepted, and a minimum earned income threshold of £18,000 per application is required.

Loan Guidelines
Maximum LTV
  • Up to £1 million available to 75% LTV

  • Up to £750,000 available to 85% LTV
Maximum term
35 years
Minimum term
5 years and 1 month
Minimum loan
£25,001
Maximum loan
  • Up to £1 million available to 75% LTV.

  • Up to £750,000 available to 85% LTV

Remortgage applications

Accepted where applicant has been the registered owner for the last 6 months at application

Repayment
  • Capital & interest

  • Interest only to 60% LTV, supported by an acceptable repayment strategy. This can include sale of main residence where the equity in the property is suitable to downsize in the local area
Offer Validity
90 Days
Application Validity
45 Days
Let To Buy
Accepted
Right To Acquire
Not Accepted

Free Quote

Feel free to ask Us any question

BSL has helped many people rebuild their lives, so why not be another success story? Take the first step towards financial freedom, contact us today!

We can help you

Fill in the form below to get started

Sheyi Teluwo
Sheyi Teluwo
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Ken Emebo was knowledgeable and helpful. He explained the process clearly, answered all my questions patiently, and worked tirelessly to find the best mortgage options for me. He was always available to address any concerns and even where we had challenging issues with the conveyancers, he provided regular updates on the progress of my application.I highly recommend this firm.
Maria Perry
Maria Perry
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Very patient, will always go the extra mile for you. Have accessed company a few times with fantastic results. Thank you as always and hope to do more business with you.
Amaka Agwuna
Amaka Agwuna
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BSL Financial Services are fantastic. I have been working with them for 6 years now. The customer services is great and I really can't fault them. Thank you BSL for always delivering especially when others haven't. They have given me the opportunity to grow my portfolio. I highly recommend.
Kiren Investments
Kiren Investments
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Augusta and the Team at BSL Financial Services have been very professional through the journey and kept us informed on financial tips on the best HMO specialised mortgages in the market. They actually got us our mortgage offer within 4 weeks after the initial application. We do highly recommend the service. Thanks Jack
N Sheree Williams
N Sheree Williams
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I’ve been doing business with BSL and Mr King for several years now. The service has always been to a great professional standard. I’ve had numerous success and the best advice. It’s affordable and they work quickly, I highly recommend BSL Financials.
Obianuju Ejike
Obianuju Ejike
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I commend BSL services to anyone looking to get their hands on mortgage. Ken does a good job of this in the most encouraging and calm manner. I cannot overemphasis how satisfied I am with the service I received from BSL.
Jackson Mutinda Kivila
Jackson Mutinda Kivila
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Great service. We got our mortgage and remortgage in record time. I highly recommend this service.
Paul Akintimehin
Paul Akintimehin
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Brilliant service. Mortgage consultant has a good knowledge of business.
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