Finding a mortgage with bad credit can be difficult and has to be approached carefully. Due to the shortage of lenders available in this market, getting the application right first time is very important. Having the experience of a specialist adverse credit mortgage broker will greatly enhance your chances of success.
I’ve helped many people with poor credit to find a mortgage. For a free no obligation chat, get in touch today
Steven Neale – Specialist Bad Credit Mortgage Broker
Bad Credit Mortgage Lending Criteria
The tricky one. Would you lend to someone if they had missed payments on their mortgage? Thankfully, there are lenders who will.
Many people I talk to are delighted to find that after talking to me they do qualify for a mortgage having been made Bankrupt.
Has Your Contractor Mortgage Been Declined? Special circumstances need a Specialist Contractor Mortgage Broker.
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.
Having been refused a mortgage isn’t the end of your home buying dream, but what you do next is very important.
Any Defaults registered over 2 years ago can be ignored, do not have to be repaid and you could borrow up to 100% of a property’s value.
I will help to prepare your applications, limit the impact of your DMP, and secure the finance needed to purchase your new home.
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.
This is the tricky one! Understandably lenders are extremely wary of lending if you have previously had a property repossessed.
I know of 6 lenders that offer mortgages if you have a poor credit history. One of them will accept 5% Cashback from the builder as your deposit!
100% Mortgages Available! A Shared Ownership property can help you get on to the property ladder sooner as you only need a smaller mortgage.
Mortgages are readily available from the High Street however many of them will only accept you if you have a clean credit history.
First time buyers with bad credit in Scotland can get up to £25,000 towards the cost of a new build or existing property
By using a Product Transfer, Homeowners could save hundreds of pounds per month by changing their current lenders interest rate to a new deal
Bridging finance really should be your last place for finance having exhausted family, friends, mortgage lenders and second charge lenders.
Do you need a loan but your existing mortgage lender has said no? The answer maybe a Second Charge Mortgage.
Each lender scores you differently, so this is more art than science, especially because lenders are tight-lipped about what they’re looking for.
3 REASONS TO ASK ME TO ARRANGE YOUR MORTGAGE
Years of Experience
I specialise in Bad Credit Mortgages for people who have a poor credit history because of any number of reasons.
Choice of Lenders
I am a Whole of Market, Mortgage Broker meaning I can talk to every lender to see about finding you the right mortgage.
Saving You Money
As a specialist Mortgage Broker for over 30 years I have a great deal of experience that will help save you time & money.