All Entries Tagged With: "Bad Credit Rating"
Very Bad Credit Can’t Get A Mortgage
More and more people are complaining they have very bad credit and can’t get a mortgage. This is hardly surprising given the past twelve months we’ve been looking at a situation of worsening arrears and repossessions with higher interest rates feeding through from the previous rate increases. The situation has been further agravated by [...]
Does Not Having a Credit Rating Effect Whether or Not You Get a Mortgage?
The question does not having a credit rating effect whether or not you get a mortgage can be answered with a simple, YES!
When applying for a mortgage it’s standard procedure for all lenders to check your credit rating.
They usually use one of the two major credit reference agencies, Experian or Equifax. Both of these agencies [...]
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 [...]
What is a Bad Credit Mortgage?
In the past having an adverse, poor or bad credit history has traditionally made it hard, if not extremely unlikely, to get mortgage finance from any high street mortgage lender.
The bad credit mortgage and remortgage products are designed for first time buyers or current home owners who have experienced some form of bad credit.
Many different [...]
Not Showing on the Electoral Roll - Credit Suffers Negatively
If you are not on the electoral roll your credit status suffers and this can affect your numerical credit rating score to your detriment.
Excellent credit reports mean the credit agencies like Experian and Equifax will improve your credit rating thereby resulting in good credit, whilst poor credit reports reduce your credit rating resulting in bad [...]
Bad Credit Rating Can Impact Getting a Mortgage
A lot of people are under the misconception that a bad credit rating will completely stop them from purchasing their dream home either as a first time buyer or by taking the next step up the property ladder albeit in London or elsewhere in the UK.
They often believe that when they apply for a new [...]
