Credit File Issues? Don't panic
We have access to specialist and credit building lenders.
We offer a free, fast, reliable and secure service to clients that have less than perfect credit histories. CCJ's? Defaults? We may be able to help.
MORTGAGES WITH BAD CREDIT
People have credit issues against their name for all sorts of reasons from historic mortgage arrears. CCJ's & defaults, to IVA's, debt management plans and bankruptcy. While these issues can make getting approved and applying for a mortgage more difficult, they are not necessarily a deal - breaker for lenders.
The good news is, if you have historic or recent credit issues, there may still be a product out there for you. The number of lenders in the market place is growing and some offer products for people with less than perfect credit. There are even lenders that specialise in adverse credit mortgages.
WHAT ELSE DO YOU NEED TO KNOW?
Repossessions and bankruptcies are considered the most severe type of adverse credit you can have on your file, while things like missed phone bill payments and small historic defaults may be overlooked by specialist adverse lenders.
Specialist providers often take a more flexible approach than those on the high-street and can offer a lifeline to applicants with credit file issues.
The interest you pay will most certainly by higher than any mainstream lender would offer and you may need a much bigger deposit depending on the level and age of the credit issues. Speak to an advisor today to discuss your situation in more detail.
What kind of issues might be accepted?
Low credit score
Missed mortgage payments
Pay Day Loans
The likelihood of being accepted will depend on when the issue happened.
SPEAK TO AN EXPERT FOR CLARITY
If you know or suspect that have credit issues, we recommend that you check your credit reports before attempting to get a mortgage. A decline could do more damage. The majority of lenders use Experian, Equifax or Trans-Union or a combination of the three. There are also companies that allow you to access a multi-agency report that shows information held by all of them.
We can review your reports and provide advice on the best lenders to approach. We don't use a scatter-gun approach as to could do more damage to your score.
Call us today to arrange a free, no obligation consultation.
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Think carefully before securing other debts against your property. Your home may be repossessed if you do not keep up repayments on your mortgage.
Some buy to let mortgages are not regulated by the financial conduct authority.