In their ideal world, lenders would lend only to those with faultless credit histories, perfect work records and adequate deposits.

But money problems can affect anyone. Adverse credit problems can be linked to a loan default, a county court judgement or bankruptcy.

Sometimes people get into debt through no fault of their own and, even if they have been to blame, want to sort things out. Certainly no-one taking out a mortgage wants to see their property repossessed.

Thankfully, some lenders are willing to provide adverse credit mortgages. Deals are unlikely to match standard mortgages; lenders in the adverse credit market (also known as 'sub prime' or 'non-conforming') will usually charge higher rates.

Your application will be thoroughly vetted and the interest rate set according to the ‘risk’ you pose (in the eyes of the lender). You may also be subject to early repayment charges.

You may have to pay an early repayment charge to your existing lender if you remortgage.