All Entries in the "Advice" Category
Credit Crunch Mortgage Help From The Bad Credit Mortgage Centre
Everyone by now is aware of the liquidity problems caused by the ‘Credit Crunch’ and the effect it’s having on borrowers finding the appropriate mortgage for their current circumstances.
This is especially the case with over million people coming out of competitive fixed rates this year.
Vast numbers of these borrowers are finding it a very uncomfortable [...]
Mortgage Arrears? Repossession? Bankruptcy?
We all appreciate having a roof over your head is one of life’s basic needs and whenever there’s a threat that this will be taken away, it’s not surprising many people panic, get incredible stressed and worried and consumed with fear.
They don’t know what to do or haven’t a clue where to turn and the [...]
Arrears Bad Credit Mortgages? Mortgage Arrears explained…
If you’re in the unfortunate position of having missed one or more monthly mortgage repayments, your mortgage account instantly goes into arrears.
That is until you make the appropriate payment to bring your account back up to date.
However, if you continue to miss the mortgage repayments, your mortgage lender ultimately has the power to legally repossess [...]
Buying a House With Poor Credit? Requirements for Getting a Bad Credit Mortgage…
Just because you have bad credit, don’t give up!
The Bad Credit Mortgage Centre was created to support those people who have poor or bad credit for whatever reason and help buying a house with poor credit that they no doubt deserve.
The question of whether or not is buying a house with poor credit possible has [...]
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 [...]
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 [...]
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 [...]
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 [...]
Building Societies Who Provide Bad Credit Mortgages
Due to the liquidity crisis the number of building societies who provide bad credit mortgages has collapsed.
The only real player now is the Chelsea Building Society and even they have limited their product range to dealing with defaults, ccj’s and the odd arrear but not one in the last three months.
Therefore if you need a [...]
Can You Still Get A Mortgage With A CCJ?
Whatever level of debt resulted in a CCJ, you should still be able to apply successfully for a mortgage. By taking action the creditor has shown just how serious they are about chasing you for the money owed to them. However there’s no reason to suggest that this should stop you getting on the property [...]
