Author Archive for badcredit
Is it Good News Mortgage and Bad Credit Mortgage Lending Steadies in July?
On the surface it appears the mortgage and bad credit mortgage market improved in July as figures steadied and were the same as June with 47,000 new mortgage loans being completed by homeowners and new home buyers.
However, on the downside this figure is still 51% down on the same figures for the same period last [...]
UK House Prices Fall 10% Will Impact Availability of London Bad Credit Mortgages
London bad credit mortgages will be more difficult to attain as UK house prices fall by 10.9% since last August, as reported by the Halifax.
In August alone house prices fell by 1.8% which now means the average price of a UK home is now less than £174,000, resulting in the average cost of a UK [...]
The Mistakes to Avoid When Choosing a Bad Credit Mortgage UK Lender Deal
Choosing a bad credit or adverse remortgage lender in the UK is fraught with dangers. It’s very important for all prospective bad credit borrowers to be absolutely clear and up front with regard to all their adverse credit matters.
Being completely honest and transparent about your adverse credit history will enable the specialist sub prime lenders [...]
Missed Mortgage Payments and Bad Credit Mortgages
Missed mortgage payments are increasingly common, with in excess of 500,000 homeowners in the UK failing to make their monthly mortgage payments in the last six months.
This situation seriously jeopardises the possibility of people with a bad credit history getting a bad credit remortgages as lenders criteria is getting tougher by the day.
Nowadays it’s virtually [...]
Bad Credit Mortgages and the Free Money Advice Scheme
As bad credit mortgages, 100% mortgages together with self cert mortgages have become a regular news topic following the financial liquidity crisis sparked by the sub prime crisis in America, this has further fuelled the need for a free money advice scheme according to finance experts.
In fact Consumer Groups have long called for free money [...]
Bad Credit Mortgages Holders Could Benefit from Debt Management Advice
Bad Credit Mortgages Holders Could Benefit from Debt Management Advice
From the moment the bad credit mortgages bombshell exploded onto the world stage from the USA towards the end of 2007, the world’s financial markets have been in turmoil.
The result has been that sub prime mortgages or bad credit mortgages as they’re best known in the [...]
Bad Credit Self Cert Mortgages and Self Certification Adverse Mortgages
Bad credit self cert mortgages for the UK’s self employed individuals or people with no proof of income has increased in popularity at the same time as lenders have pulled thousands of products due to the ‘credit crunch’
As it’s been widely reported that around 14% of UK citizens are self employed, you can imagine the [...]
London Will Lead House Price Recovery - But Not Until 2012 by The Bad Credit Mortgage Centre
The Bad Credit Mortgage Centre reports house prices in London and the South East are likely to take 8 years to recover from the current property credit crunch downturn according to Savills, a leading estate agent.
The main reason for the severe downturn has been the withdrawal of credit for mortgages, especially the lack of adverse [...]
London House Prices In Free Fall - What Now For the UK Mortgages & Bad Credit Mortgage Market?
What now for the mortgage and bad credit mortgage market with prices of homes in London and all over the UK falling faster in August than ever before?
Figures released by the online estate agents Rightmove state that new vendors i.e home sellers, are putting their homes on the market 2.3% lower than in the previous [...]
Bad Credit Mortgage Demand Increases As London Tops The Consumer Bad Debt Table
Consumer bad debt continues to increase in the South East and in London City in particular. Bad credit mortgage figures aren’t even included in the statistics as they’re based solely on unsecured debt, according to a recent survey.
The largest indebted districts are the City of London with average consumer borrowing of £41,002! This is followed [...]
