Can I Get a Mortgage with a Criminal History?

Financial crimes, such as fraud or theft, are viewed more severely by lenders compared to non-financial crimes. Convictions related to financial misconduct can significantly hinder your chances of securing a mortgage, while other types of convictions might have a lesser impact​​​​.

Steps to Getting a Mortgage with a Criminal History

1. Check if Your Conviction is Spent

Confirm whether your conviction is spent. This can greatly influence your eligibility and the need for disclosure​​.

2. Use a Mortgage Broker

Mortgage brokers with experience in handling applications from individuals with criminal records can guide you to lenders who are more likely to approve your application. Brokers understand the specific criteria of different lenders and can help you avoid unnecessary rejections​​​​.

3. Prepare Necessary Documentation

In addition to the standard documents like proof of income and bank statements, be ready to provide any relevant information about your criminal history. This transparency can help your broker and potential lenders assess your situation more accurately​​.

4. Address Gaps in Address History

If you have spent significant time in prison, this may create gaps in your address history, which some lenders will scrutinize. Be prepared to explain these gaps during your application process​​.

5. Pass Affordability and Eligibility Checks

Lenders will perform standard checks on your income, debts, credit history, and employment status. Ensuring you meet these criteria is crucial for your application​​.

Lenders’ Policies on Criminal Records

Each lender has its own policies regarding applicants with criminal histories. High street banks may consider applications on a case-by-case basis, particularly if the conviction is not related to financial fraud. Independent lenders might have more flexible criteria but can also impose higher deposits or interest rates​​​​.

Types of Mortgages Available

The type of mortgage you can get (e.g., buy-to-let, remortgage) is generally not limited by your criminal history but rather by the lender’s specific criteria and the nature of your conviction​​.