Can I have a Mortgage with Bad CreditMay I have a mortgage with bad credit?
Could I get a mortgage with bad credit? A lot of folks are arguing that unsecured loans are too simple to come by, and it is not unusual for customers to turn to us for mortgage advice if they have a failed payment or have a low credit value. As soon as you have failed to make a payment, especially when it comes to cell phones, you can end up with a default message appended to your credit reports.
It has a pretty bad effect on your chances of getting a mortgage in the near term because it can indicate that you are at a higher level of exposure. Only because you failed to make a payment or have a standard value doesn't necessarily mean that you can't get a mortgage, but it's likely that you need some specialized help because it's quite likely that you'll be rejected for a mortgage by a high street bank that can be afraid to take risks, especially if you only have a 5% payment for example.
Specialised lenders will want to know the date on which the failure was recorded against you, and the longer it has been, the more likely it is that we can help you, especially if it is a lifelong incident such as segregation, illness or unemployment. If you have had historical mortgage defaults or a district court ruling, we can also help.
No matter the credit issue you have had in the past, we are going to need to see an up-to-date copy of your credit reference that you can usually get for free on-line. It is important that you obtain your credit reports before you apply for a mortgage if you have any doubt about your creditworthiness because several credit reports can further harm your creditworthiness.
For a free mortgage check, please contact us to see if we can help you. Kindly notice that the Adverse / Bad Credit Mortgage Ratios are slightly higher than with a first class creditor - please refer to this website footnote for our latest total APR value compared charges.