Archive for June, 2008
How To Buy A House With Bad Credit and No Proof of Income
The question; how to buy a house with bad credit and no proof of income is often asked and it’s becoming more and more difficult to answer due to the financial problems emanating from the worldwide liquidity crisis.
It’s particularly true today that if you’re self employed, a contractor or a freelancer and don’t have a [...]
Is Self Cert Mortgage The Only option?
The self employed, contract worker and freelancers are no longer seen by the financial mortgage market as pariahs. We’ve seen both high street banks and building societies acquire a great deal more experience in contemplating providing solutions for potential clients who work for themselves.
The high streets banks and building societies have together become more and [...]
Who is Eligible for a Self Certification Mortgage?
This is a difficult question to give a direct answer to as the very nature of self certification is that the situations that self cert can be the correct product for, are a wide and diverse range of situations.
The best approach to take is to give an example of where a self cert mortgage is [...]
Why Are Self Certification Mortgages Important?
The Financial Services Authority recently released figures that showed that self certification mortgages accounted for nearly seven percent of the total mortgage lending market and this included bad credit self cert mortgages.
It’s often argued that without self certification mortgages and bad credit self certification mortgages in particular a lot of the self employed or small [...]
Bad Credit Mortgage Rates
When considering a range of mortgage products you really need to look at the differing kind of ways of paying interest.
You will probable find one type of product that suits your circumstances better than another.
This can depend on whether you need to be certain of exactly how much you’ll be paying each month to give [...]
How Do Bad Credit Second Mortgages Work?
Your second mortgage works like this:
The second mortgage is simply another loan taken out following the first mortgage and both are secured against your property.
The second mortgage amount allowed is dependent on the amount of equity or size of the share or interest you have in the property. The value released depends therefore on the [...]
Need a Bad Credit Second Mortgage?
People with a normal high street mortgage, but who have recently incurred a bad credit rating, and those already on a bad credit mortgage often ask is it possible to have a bad credit second mortgage?
Yes is the simple answer. But why would anyone need a bad credit second mortgage?
Well the demand splits in to [...]
Bad Credit Mortgages and Bad Credit Remortgages
Call the bad credit mortgage and remortgage specialist to find the best lender that can help you find the correct mortgage, in relation to your existing needs due to your poor credit score.
Despite the fact there seems to be an ever decreasing number of lenders who provide competitive remortgages and mortgages. Products do exist that [...]
Who Needs Bad Credit Mortgages?
Bad credit mortgages are ideal for people requiring mortgages because they have bad credit and they need to remortgage now, or for first time buyers who need a mortgage to get on the property ladder but are worried about their bad credit rating.
A bad credit rating will not necessarily exclude you from getting a mortgage [...]
Can You Have A Home Mortgage And A Let To Buy Property?
One of the benefits of a let to buy mortgage is the flexibility of it being used for property investment purposes.
Just how does Let to Buy work?
You buy a new home and rent out the old one.
Essentially it enables you to buy a second property to live in, so you can keep and let out [...]