Can I Qualify for a Mortgage with Bad CreditMay I qualify for a mortgage with bad credit?
Mortgage can be placed for clients who have been suffering; or even a mixture of these. You are in good hands having a rich history of bad credit mortgage experiences stretching over 20 years. And our services don't stop at just giving you the right mortgage, our client support is unsurpassed, which means you'll be very well taken care of once your mortgage has been arranged.
Load up your credit reports and one of our bad credit mortgage experts will do a free evaluation usually within 4 hrs, so you'll know quite quickly for which mortgage you can be acceptable. Download a free evaluation version. Cancell at any time. As you may already know, not all creditors will agree to customers who have had past experience of having difficulty financially, as it shows that at some point you have had difficulty meeting your credit obligations.
Unfortunately, there are some pecuniary sanctions for taking out this type of mortgage, which are usually found in the interest rates of the borrower fees for assuming the risks that the high street borrower will not take. So long as you can affordable the refunds, these mortgage loans can be a useful way to return to the mortgage business and begin repairing your credit history.
Interest rates, charges and the down payment you need will vary depending on the seriousness of your personal problems, but to give you an indication, review the below listing and see where you might be able to find a size. Standard values or CCJ less than 500, recorded more than 3 years ago and met within 6 month - you can qualify for creditors on Main Road.
CCJ 1 or failure in the last 12 month for a value less than 1,500 - You have a good opportunity to get a mortgage from a specialised borrower. Several failures or CCJ's that have been recorded more than 2 years ago - you have a good chances of getting a mortgage from a specialized creditor.
Insolvency - this must be settled more than 3 years ago, a large down payment of approximately 35% of the sales proceeds is necessary. Withdrawal - this must be more than 6 years ago, a large down payment of about 35% of the sales proceeds is necessary.
The IVA - this must be dismissed more than 6 years ago, a large down payment of approximately 35% of the sales cost is necessary. This is not an accurate catalogue of criterias as each case is evaluated on an individual basis and there are few creditors operating in this sector who can call us, tell us your credit record and we can usually give you a very good picture of what we can do for you very quickly.
Please contact our expert and knowledgeable mortgage advisors on 01233 512012 for further information or to obtain a quotation. Verify your credit information and your creditworthiness with a free test version, at any time abort. Download your free test credit information here.