Credit Blip Mortgages
Life doesn’t always go to plan and the first thing that can be affected are peoples finances. In the past it was difficult to achieve a mortgage if your credit history was chequered.
Nowadays there are many lenders that will lend when your credit history is less than exemplary.
Let us guide you through the process.
What is poor credit?
Lenders class poor credit as missed payments on any credit agreement, Defaults on accounts, and CCJ’s.
Any credit issues will stay on file for 6-years.
Unsatisfied arrears, CCJ’s and defaults will impact you greater as will more recent issues.
Broker Fees for our team to find you the right mortgage, this is typically between £895 to 1% of the loan amount.
How to get a mortgage with poor credit.
First of all, check your credit file so we can see what we are dealing with.
Contact us to find out the best way to do this.
Be prepared to put down a bigger deposit. Poor Credit Mortgages often require a larger initial deposit.
By working with a Mortgage Broker such as ourselves we will be able to look at the less well-known lenders to find you the most appropriate mortgage for your credit profile.
BROKER FEE DISCOSURE
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be between £895 to 1% of the loan amount.
Standard Mortgage Risk Warning
Your home may be repossessed if you do not keep up repayments on your mortgage.
BTL Risk Warning
Your home may be repossessed if you do not keep up repayments on your mortgage.
Non-Regulated Risk Statements
The Financial Conduct Authority does not regulate some forms of Buy to Lets, Wills, Trusts and Overseas Mortgages.
The Financial Conduct Authority does not regulate commercial finance, secured or unsecured loans and will writing.
The Financial Conduct Authority does not regulate secured or commercial lending.