Mortgage Home 09 February 2010 02:03:30
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Adverse Credit Mortgages


Adverse Credit Mortgages
Many people these days are finding that they have problems in getting finance due to adverse credit. The main problems revolve around County Court Judgments, Defaults, Mortgage Arrears and missed payments on Loans and Credit Cards.

Other people have had to go to another level to try and sort things out by either going into an Individual Voluntary Arrangement ( IVA or debt management scheme) or declaring themselves Bankrupt.

We are able to arrange mortgages for clients who have one or a combination of the above ( Adverse Credit Mortgages )Bankrupts must be discharged before a mortgage can be sorted out), and we can get up to 75% of purchase price or valuation depending on the amount of adverse they have. Our aim is to search the market for the lowest rate of interest taking into account the clients current situation. These loans are available to First Time Buyers, Home Movers and Reportages. Take a look at our Adverse Credit Mortgage Deals 

Itr would be helpful if you have a current credit report for us to look at or discuss. These can be obtained online from www.experian.co.uk or www.equifax.co.uk

 

Frequently Asked Questions

Q.  What type of adverse credit do lenders accept?
A.  County Court Judgments, Defaults, Missed payments on loans and credit cards,  repossessions and discharged bankrupts.

Q.   How much can I borrow?
A.   Up to 95% of purchase price - depending on the level of adverse and income.

Q.  Do my County Court Judgments need to be paid off before I can apply for a mortgage?
A.  No - in most cases they do not need to be paid off at any time.

Q.  I have just incurred adverse credit - can I still get a mortgage?
A.  Yes - up to 95% depending on the level of the adverse credit.

Q.  Are rates higher for people with adverse credit?
A.  They can be higher - but this again will depend on the level of adverse credit. They may be lower than you think.

WE CAN HELP YOU

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Duration Summary rate%

Adverse Remortgage
2yrs year Fix 7.15% up to £5000 CCJ's APR 7.59% 7.15%
3yrs 6.7% APR year Fix 5.24% up to £3000 CCJ's 5.24%
3yrs 6.7% APR 3 year discount up to £3000 CCJ's 5.89%
2yrs 6.7APR 2 year Discount up to £500 CCJ's 5.59% 5.59%
3yrs APR 6.7% 3 year fix up to £3000 CCJ's 6.14% 6.14%
2yrs 5.89% Base Tracker up to £500 CCJ APR 6.3% 5.89%
2yrs 6.49% 2 yr Tracker up to £3000 CCJ's APR6.84% 6.49%

Problem Cases
2yrs 6.79% Adverse Credit 2 year fix APR 7.65% 6.79%

for further information regarding any of these products, click here