UK residents who have credit scores which are not as impressive can still obtain home mortgages from the right kind of lending institutions or banks. Bad credit home mortgage loans are provided to qualified clients from many lending agencies. Before these loans were offered, it was required of applicants to possess excellent credit ratings in order to get a mortgage. With the offering on bad credit mortgages, home buyers can now acquire home mortgages even with unimpressive credit scores. Although loaning all of the amount is possible, paying a 3% downpayment upfront will help you obtain cheaper rates on interest and consequently, lower amounts on repayments.