Bad credit mortgages
If you have a history of bad credit, CCJ’s or missed loan repayments then you may find it difficult to obtain a mortgage with many of the main stream mortgage lenders. Each individual mortgage lender has their own lending criteria which means that while some will accept borrowers with some adverse credit others will not.
Borrowers with a poor credit score will also find that the cost of borrowing is also much higher when compared to someone with a good or excellent credit rating. The good “headline rates” are only available for applicants who have a good, clean credit rating.
It may be wise to try and clean up your credit rating before applying for a mortgage. This may mean paying off any outstanding debts and any unsettled County Court Judgements (CCJ’s).
I know I have a low credit score and a poor credit history which mortgages are available to me?
A quick search here on the website will reveal some of the mortgage products that are available to you. For further advice we recommend that you explain your situation to a mortgage expert found here on the website.
They will ask you some questions and may perform a credit search to discover which lenders would be willing to offer you a mortgage based upon your credit score and past credit history.
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