Adverse Credit Mortgage
Adverse credit mortgages are a special type of mortgage for potential property investors who have previously had a poor or low credit rating. No matter how bad your credit rating has been in the past, everybody needs somewhere to call home, so we can offer a range of adverse credit mortgages to suit your cash flow and credit history.
If you have had bad credit for any reason, whether you missed a payment on your credit card, or you filed for bankruptcy, it can be very hard to get a generic type of mortgage as this can affect the amount of money that lenders will be willing to offer you, therefore making it impossible to get a mortgage on a house.
But do not fear as we are here to give you advice on all mortgage types including adverse or poor credit mortgages. These type of mortgages are available for most types of credit problems, no matter how serious.
The only difference being that the interest rates on an adverse credit mortgage are higher depending on your past credit rating, as anyone who has had poor credit in the past is statistically more likely to miss a payment again, or fall into bad credit. Obviously the interest rate will depend on what type of poor credit history you have had and how long it went on for.
Contact Us Today
We look forward to assist you with your Adverse Credit Mortgage enquiries. If you have any questions please call us today on: 01524 543902 to find out more.
