Mortgages for Bad Credit
Mortgages for bad credit and for that matter Remortgages for bad credit have diminished substantially over the past twelve months as the financial turmoil has hit the bad credit mortgage lender sector.
We’ve seen a huge decrease in the number of products available for remortgages and mortgages for people with bad credit problems.
Currently there is only a small number of lenders who help home owner or first time buyers with CCJs, defaults, mortgage arrears, discharged bankrupts and individuals with an adverse credit score or bad credit rating.
Hence the adverse, poor, sub-prime or bad credit mortgage sector is reverting back to the position it was in ten years ago. Then it was a synonymous for shady brokers charging high fees together with lenders tying you in to deals with outrageous interest rates.
Although things have not returned to the murky waters of yester year, the bad credit mortgage market sector has undoubtedly changed substantially again in the last twelve months.
So much so that lenders are increasingly becoming more and more wary about lending to individuals with a less than perfect credit rating.
But despite the fact you may have a poor credit rating and may have been turned down by another lender we may be able to help you find a mortgage.
Even if you have County Court Judgements or ccjs, credit card defaults, personal or secure loan defaults, mortgage or rent arrears, bankruptcy, Individual Voluntary Agreements or IVA, are self-employed or have difficulty proving your income, there may be an appropriate product accessible to you. Just call…
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