Adverse Credit Mortgages
Adverse credit mortgages are possible . If you have been turned down for a mortgage due to bad or adverse credit, or need help submitting a mortgage application, we are here to help. Available Nationwide, but across all of North Wales, Flintshire, Denbighshire and the North West too.
Bad or adverse credit is not uncommon, and can be for any number of reasons . Perhaps you have had a property repossessed, or had arrears on your mortgage payments in the past.
While bad credit does make getting a mortgage more difficult, you can still secure competitive lending by working with a specialist adverse credit mortgage broker.
We work with a network of respected lenders who have flexible products to support mortgage applicants in a range of bad & adverse credit scenarios.
If you need more information or support with your mortgage lending, get in touch. We are here to help.
How Can You Get a Mortgage With Adverse Credit?
Specialist lenders, who can accept applications from people who have a low credit score, or have issues with their credit rating, offer adverse credit mortgages.
Sometimes this is the best option, But the rates and fees attached can be higher than available to applicants with a clean credit record, but minor blips should be at normal rates.
We often negotiate competitive deals for clients with bad credit. For example, by demonstrating affordability or applying for a lower loan-to-value (LTV) ratio through a higher deposit.
The right mortgage for you all depends on your circumstances. Lenders won’t just look at your credit score but also factors such as:
- Your age
- The seriousness and date of the credit issues, and reasons for them.
- How stable your current financial position is.
- The property in question.
Using a broker such as ourselves give you the best chance of obtaining a mortgage, as we know which lenders are likely to be flexible and we can present your case in the best way to get approved. Even for first time buyers.
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