Impaired Credit Mortgages
What
about a mortgage if you have an impaired credit
rating? Call us we can
help!
If you have
had a debt problem resulting in an adverse
credit history, which could include: County Court
Judgements (CCJ's), mortgage or rent arrears, or
bankruptcy you probably won’t qualify for a standard
mortgage from a high street lender. Equally if you
are self-employed and don’t have 3 years audited accounts
or have changed address many times you could have
difficulties.
In these
circumstances you will need to seek a sub-prime lender to
acquire a mortgage. However because of the greater
perceived risk by the lender the interest rates charged
may be higher than those on offer by high street
lenders. On the positive side though, it does mean
that you will be able to buy your own home and providing
you repay the mortgage as required by the lender after
three years your credit history will have benefited
considerably.
Once you
have re-established a good credit rating you will then be
able to re-mortgage to a prime lender and enjoy the
benefits of discounted interest rate
mortgages.
If you are
in this situation, we can handle everything for you, from
making the initial application, through to solicitors,
fees, insurances etc, taking the hassle away from you and
obtaining the best mortgage deal for your
situation.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS
ON YOUR MORTGAGE.
For more
information call now on 0845 643
5056
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