Mortgage Types

• Introduction
• Apply Now
• Why Use a Mortgage Broker
• Repayment or Interest Only
• Fixed Rate Mortgages
• Variable Rate Mortgage
• Capped Rate Mortgage
• Tracker Mortgage
• Bad Credit Mortgage
• Offset Mortgage

Other Information

• Mortgage Protection
• Jargon Buster
• Terms and Conditions
• Save Thousands
• Privacy Policy
• Site Map

 

Bad Credit Mortage

If you need a bad credit mortgage it is essential that you seek specific advice from a professional mortgage broker.

Even with a poor credit history it is still likely that you may be able to obtain mortgage.  A bad credit mortgage is not impossible to get, but unless you seek professional advice it is unlikely that you will obtain the best deal.  Many lenders will charge both high interest rates and arrangement fees as well as imposing severe restrictions and potential penalties.  If you have financial problems and need a mortgage it is essential that you consult with the experts and get advice from a professional mortgage broker.

It is estimated that as many as one in four people in the UK have some form of credit problem, ranging from bad debts, county court judgements and loan arrears to mortgage defaults.  If you have a similar problem it does not mean that you will be unable to obtain a mortgage but it does mean that you may need to use a specialised lender that can be approached only through a qualified mortgage broker.

Although the need for bad credit mortgages is increasing the number of lenders who provide remortgages and mortgages to those with credit problems is actually becoming fewer.  There are now just a handful of providers who will help individuals with CCJs (County Court Judgements) mortgage arrears, defaults, discharged bankrupts and others with a poor credit score or bad credit history.

Whatever your credit history simply fill in the no obligation, no charge contact form below and one of our professional mortgage brokers will call you back, at your convenience, to discuss your options and provide expert advice at absolutely no cost to yourselves.

Whatever the reason for your troublesome credit history we know that this can be a worrying and stressful experience but, with the help of a professional mortgage broker, it is still possible that a deal may be found for you.  There are specialised lenders that offer a credit repair service although this will generally entail a higher rate of interest than with a conventional loan and you will also be required to put down a sizeable deposit.  However, once you have maintained your repayments over a reasonable period, generally around three years, in a consistent manner your credit history will have been greatly enhanced.  At this time you may then be able to remortage with a non-specialist lender and enjoy a more competitive interest rate.

When you have this sort of problem it really can be useful to contact a mortgage broker who has extensive experience in the area of adverse credit lending and non-standard mortgages.  Simply fill in the contact form above and a specialist broker will contact you at your convenience.  There are only a few remaining specialist lenders available in this field and they get most of their business through professional brokers.
With their extensive market knowledge our brokers may be able to help find you a mortgage even if you have been refused elsewhere