Bad Credit Mortgages Oxford
Friendly, Expert Mortgage Advice in
Oxfordshire
At Drummonds Finance Group, we understand that life doesn’t always go to plan, and your credit history shouldn’t stop you from buying a home. If you’re based in Oxford or the surrounding Oxfordshire area, and need a mortgage with bad credit, we specialise in helping people just like you get approved.
Whether you’ve had CCJs, defaults, missed payments, or low credit scores, we can guide you through specialist lenders who are open to your situation.
Need help now? Contact our Oxford mortgage team today for a free consultation.
What Is a Bad Credit Mortgage?
A bad credit mortgage is a type of home loan for people who have had credit issues in the past, such as missed bills, overdrafts, payday loans, or more serious issues like defaults or bankruptcy.
Unlike high-street lenders, who often say “no,” we work with over 100 mortgage providers, including specialist lenders who look beyond your credit score.
Your credit history doesn’t define your future.
Common Credit Problems We See (And Still Get Mortgages Approved)
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🔸 Missed credit card payments
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🔸 Defaults and CCJs (even recent ones)
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🔸 Debt Management Plans (DMPs)
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🔸 IVAs or bankruptcy (depending on date)
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🔸 Late mortgage payments
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🔸 Payday loans and high debt-to-income ratio
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If you’ve been declined elsewhere, don’t give up — we may still be able to help.
Why Oxford Clients Choose Us for Bad Credit Mortgages
We’ve helped Oxford-based clients get approved for mortgages even with:
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Recent credit blips
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Low deposit (5–10%)
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Self-employed income
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Universal Credit or benefit top-ups
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Multiple rejected applications
We don’t judge. We solve.
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Your homeownership journey is possible with the right broker behind you.
Can You Get a Mortgage with Bad Credit in Oxford?
Yes — you absolutely can.
While most high street banks will only approve applicants with good credit and perfect financials, specialist lenders have criteria for people with real-life challenges.
Some lenders may ask for:
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A bigger deposit (usually 10–15%)
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Stable income or affordability checks
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A detailed credit report review
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Reason for the bad credit
But you won’t need perfect credit to be considered.
📍 Based in Oxford or Oxfordshire? We’re your local specialist mortgage team.
What Can You Do to Improve Your Chances?
Even before you apply, you can:
✅ Get a copy of your credit report from CheckMyFile
✅ Settle any small unpaid debts
✅ Avoid taking out new credit just before applying
✅ Speak to us — we’ll review your profile before submitting anything
Why Work with Drummonds Finance Group?
✅ Local experts in Oxford mortgages
✅ Access to over 100 lenders, including those that deal with credit issues
✅ One-to-one advice from a real person — no call centres or bots
✅ Tailored recommendations that match your unique situation
✅ No-obligation consultations — we’re here to help
We don’t send out blanket applications. We match you carefully, so your chances of approval are as strong as possible.
Real-Life Case Study (Oxford)
Liam and Charlotte, a couple in Headington, were declined by their bank due to a missed loan repayment and a low credit score.
They came to Drummonds Finance Group, and we placed them with a specialist lender who approved a £285,000 mortgage with 10% deposit at a competitive fixed rate.
✅ Today, they’re living in their new home and rebuilding their credit.
Our Services
Comprehensive Mortgage Advice in Oxford. What we offer.
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We provide personalised guidance, ensuring you understand every aspect of the mortgage process and make informed decisions.
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Relocating can be complex, but with our comprehensive support, you can focus on finding your new home while we handle the financial details.
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🏠🔁💰Remortgaging
looking to reduce your monthly payments, switch to a better interest rate, or release equity for other investments?
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🏠🔑👨💼
Buy To Let
For landlords and property investors, navigating the buy-to-let mortgage market requires understanding ever-evolving regulations and financial products.
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Why choose a local mortgage broker in Oxford?As a local broker, we have in-depth knowledge of Oxford's property market, enabling us to provide personalized advice and access to exclusive deals not available through national lenders
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How quickly can I get a mortgage approval?We can typically secure an Agreement in Principle within 1–48 hours, depending on your circumstances.
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Can I get a mortgage with a low deposit?Yes, we work with lenders offering 5% deposit mortgages and can advise on schemes like Shared Ownership to help you get on the property ladder
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Do you offer services for self-employed individuals?Absolutely. We specialize in securing mortgages for self-employed clients, even with just 1–2 years of accounts.
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What documents are required to apply for a mortgage?Proof of ID (passport or driving license) Recent payslips (last 3 months) Bank statements Proof of deposit For self-employed: 2–3 years of tax overviews and SA302s
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What additional costs should I budget for?Legal fees Valuation/survey fees Mortgage arrangement fees Stamp Duty (if applicable) Moving costs Home setup expenses
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How long does it take to complete a mortgage in Oxford?On average, a mortgage can take 2 weeks to complete from application to offer, depending on the complexity of the case. At Drummonds Finance Group, we often secure a mortgage offers faster than 2 weeks for straightforward applications with all documents ready. Factors that can speed up the process include: Fast responses from the client Clear credit history Prompt valuations and solicitor work We work closely with lenders, valuers, and solicitors to keep things moving and minimise delays wherever possible.
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Is Oxford a good place to buy property?Yes, Oxford is widely regarded as one of the best places to invest in property in the UK. It boasts a strong local economy, world-class educational institutions, a vibrant cultural scene, and excellent transport links. The demand for housing in Oxford remains high due to its university population, medical and research centres, and proximity to London. Whether you're a first-time buyer, a home mover, or a buy-to-let investor, Oxford offers long-term value and strong rental potential.
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Will house prices go up in Oxford?While no one can predict the market with complete certainty, Oxford’s housing market has shown consistent long-term growth. Limited housing supply, a high volume of renters, and ongoing demand from students, professionals, and commuters support future price resilience. Economic forecasts and local development plans indicate that prices in Oxford are likely to continue rising over time, especially in well-connected and sought-after areas.
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What is the average house price in Oxford?As of 2025, the average house price in Oxford is approximately £525,000, though this varies widely depending on the area and property type. Flats typically range from £275,000 to £400,000 Terraced homes average around £500,000 Detached houses often exceed £800,000 Premium areas like Jericho, Summertown, and Headington command even higher prices.
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What should I look out for when buying a house in Oxford?Proximity to transport links – access to Oxford Parkway or mainline rail for London commuters can affect value. School catchment areas – top-rated schools like Cherwell School and Oxford High can increase demand. Leasehold vs. Freehold – many central Oxford flats are leasehold, so always check the remaining term and service charges. Flood zones – some areas near the River Thames or Cherwell may carry flood risks. Planning and development – check the Local Plan to see if any major changes or developments could affect the area.