ADVERSE CREDIT MORTGAGES
Call Me on: 01494 526400 or send a message to: steve@snmortgages.co.uk
Steven Neale
Finding a mortgage if you have a bad credit history is difficult and has to be approached very carefully because of the shortage of lenders in this market. Having the advice of a qualified Mortgage Adviser will greatly enhance your chances.
With only a few sub prime lenders to choose from, getting it right first time is very important.
Lending Criteria
MORTGAGE WITH ARREARS
Unlimited mortgage, secured or unsecured arrears if over 12 months ago but none missed in the last 12 months and up to 75% LTV
Unlimited mortgage, secured or unsecured arrears if over 12 months ago but none missed in the last 12 months and up to 75% LTV
MORTGAGES IF YOU HAVE CCJ's
The main consideration a credit lender will want to know when looking at the CCJ's on your credit file is the date they were registered.
The main consideration a credit lender will want to know when looking at the CCJ's on your credit file is the date they were registered.
DEBT MANAGEMENT PLANS
I will help to prepare your applications, limit the impact of your DMP, and secure the finance needed to purchase your new home.
I will help to prepare your applications, limit the impact of your DMP, and secure the finance needed to purchase your new home.
AFTER A REPOSSESSION
This is the tricky one! Understandably lenders are extremely wary of lending if you have previously had a property repossessed.
This is the tricky one! Understandably lenders are extremely wary of lending if you have previously had a property repossessed.
BRIDGING LOANS
Bridging finance really should be your last place for finance having exhausted family, friends, mortgage lenders and second charge lenders.
Bridging finance really should be your last place for finance having exhausted family, friends, mortgage lenders and second charge lenders.
MORTGAGE AFTER BANKRUPTCY
Many people I talk to are delighted to find that after talking to me they do qualify for a mortgage having been made Bankrupt.
Many people I talk to are delighted to find that after talking to me they do qualify for a mortgage having been made Bankrupt.
MORTGAGE REFUSED
Having been refused a mortgage isn’t the end of your home buying dream, but what you do next is very important.
Having been refused a mortgage isn’t the end of your home buying dream, but what you do next is very important.
HELP TO BUY MORTGAGES
Some lenders are OK to lend if you are in a Debt Management Plan providing you have kept the payments up to date.
Some lenders are OK to lend if you are in a Debt Management Plan providing you have kept the payments up to date.
RIGHT TO BUY
Mortgages are readily available from the High Street however many of them will only accept you if you have a clean credit history.
Mortgages are readily available from the High Street however many of them will only accept you if you have a clean credit history.
SECOND CHARGE MORTGAGES
Do you need a loan but your existing mortgage lender has said no? The answer maybe a Second Charge Mortgage.
Do you need a loan but your existing mortgage lender has said no? The answer maybe a Second Charge Mortgage.
CONTRACTOR MORTGAGES
Has Your Contractor Mortgage Been Declined? Special circumstances need a Specialist Contractor Mortgage Broker.
Has Your Contractor Mortgage Been Declined? Special circumstances need a Specialist Contractor Mortgage Broker.
MORTGAGE WITH DEFAULTS
Any Defaults registered over 2 years ago can be ignored, do not have to be repaid and you could borrow up to 95% of a property’s value.
Any Defaults registered over 2 years ago can be ignored, do not have to be repaid and you could borrow up to 95% of a property’s value.
MORTGAGE WITH AN IVA
If you have equity in your home, you could arrange a remortgage to clear your IVA early by offering a reduced settlement amount to your creditors.
If you have equity in your home, you could arrange a remortgage to clear your IVA early by offering a reduced settlement amount to your creditors.
SHARED OWNERSHIP
A Shared Ownership property can help you get on to the property ladder sooner as you only need a smaller mortgage.
A Shared Ownership property can help you get on to the property ladder sooner as you only need a smaller mortgage.
BOOST YOUR CREDIT SCORE
Each lender scores you differently, so this is more art than science, especially because lenders are tight-lipped about what they're looking for.
Each lender scores you differently, so this is more art than science, especially because lenders are tight-lipped about what they're looking for.